My wife and I sold our first home for 203% of what we paid for it 2 years earlier. We put ZERO down at the time and if I could go back in time we would have bought two!
I believe in the long term buying is better than renting. As mentioned just above, when you retire your income will be reduced and do you still want to pay whatever the going rent rates are at that time?
The way I see it is, whether I keep our current home or not I will NEVER add to the amortization. When I retire at 55 my mortgage will have been paid off a year or two prior (maybe more if I make additional payments over the years).
If I didn't have a shelter payment I could flip burgers for a living and get by just fine.
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