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[quote=Anonymous]Re: why so much debt, I didn't think that 60K was that bad, but I may be just fooling myself.

Another pp brings up a good point re: moving into the renovated rowhouse (which is two bedrooms) from our current one bedroom place for a few years until we save up money. Our PS3 options won't be good, though, but there aren't good but there are no guarantees we'd get in if we were in boundary in a better neighborhood.

So, I guess my options are: (a) sell the renovated rowhouse outright, and use the money for a downpayment on another place and rainy day fund, (b) take out a mortgage on the renovated rowhouse, rent it out to cover the mortgage, and then use the money for a downpayment on another place and a rainy day fund, (c) move to the renovated rowhouse and have no monthly mortgage, or (d) stay rent free (with all the family baggage that entails) in the one bedroom place owned by our family, rent out the rowhouse and sock away the money we bring in from the rental income.

Put the above way, even though I've been really reluctant to stay in the one bedroom place owned by family because of related family drama, it is without question the best way to put away the most money, I guess.

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