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Real Estate
Reply to "Gonna sell and buy somewhere cheap and have $0 mortgage"
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[quote=Anonymous][quote=Anonymous]My house is in an up and coming neighborhood but in the last 8 yrs i've owned it it hasn't appreciated much. It's fine but i don't love it. I could hang on to it but i am sick of it. Mice, neighborhood crime, shoveling snow, etc. SO OVER IT. Will probably sell this spring for $450,000. I owe $260,000 on it. I'm struggling to pay for private school so taking DC out. I could then buy a large condo/townhouse in silver spring for $150,000 and send my kid to local MCPS school. I'm REALLY loving the idea of having $0 mortgage and $0 school fees and not shoveling my own snow or dealing with landscaping; having a pool and tennis courts and better security. I work in downtown silver spring but I plan to resign bc I hate it. What would you do?[/quote] I am genuinely curious were you think you can buy a property outright for $160,00 (about all you'd have left when you sell) that has good schools?[/quote]
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