Reply to How do people "upgrade" houses?

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[quote=Anonymous][quote=Anonymous]We are in a townhouse I always thought would be a starter. It's not horrible but it is very small and there is basically zero outdoor space. All of our friends are in SFHs by now and I particularly envy their backyards and bike storage. We'd planned on upgrading eventually, but it's been kind of horrifying to see prices rise by a couple hundred thousand in the last two years while our incomes definitely have not.

We have a combined HHI of $160k and we are in fields where we probably can't get giant raises (government and academia), so I feel like our options are:
1. Live with this forever and be embarrassed to have people over
2. Redirect some of our retirement/college savings to a new down payment fund, or just plan on saving less and having a larger mortgage payment if/when rates go down someday and we have more equity? Right now we are saving 35% of our income for retirement. 
3. Figure out how to pivot to tech in...middle age...and double salaries?

[/quote]

2.   That’s a lot to save for retirement.  How much equity do you have?

But don’t be embarrassed by the TH.  No one cares but you, I promise. [/quote]

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