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Author: dswing Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308484  
Subject: Re: NEW MEMBER CONFESSION Date: 7/12/2005 4:01 PM
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I think I would weigh your desire to be debt free vs. your desire to have a home, however it's financed.

For some people, a sketchy job situation and lots of debt would give them an ulcer to the point where they would get out of the house no matter what (sounds like your husband is one of these types).

Other people might think: I'm sitting on a gem of a property that has lots of upside, and once I land my next job and my husband does too, we will be able to wipe out the debt in [blank] timeframe ...

So it really comes down to what kind of person you are, what kind your husband is, what your property is worth vs. what you owe, and how well grounded your employment situation is.

One argument I might have for selling the house *NOW* is that if there is a housing bubble in your area, you might want to get out from under your no-interest loan while your house will still pay off all your debts. What would happen if your equity plummets and you are forced to refi a few years from now at higher rates? What if you're unemployed again and don't qualify for financing?

~dswing
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