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[quote=Anonymous][quote=Anonymous][quote]$100,000 is a lot of money. I'd rather not lose all that money. We only lose that money (via realtor fees and closing costs) if we sell. So the lose is not in the past and we can prevent it by not selling, which we don't have to do. I doubt we can save $100,000 or two in a couple years. We have a bunch of college tuitions to pay. The consequences of not selling is we have a very tight budget and a large part of our income goes to housing. We also can't save as much as we should for retirement or college. However, we hate the idea of renting. Uprooting kids, not necessarily long term, many rentals are dumps or expensive, not building equity, can't change it or make improvements, feeling like you are regressing financially.[/quote]

OP, you need to come to grips with the fact that you can't pay for college for your kids.  You make enough that syou shoudl be able to, but profligate spending has put you in a position where you can't.  Now, if you want to change that, you sell the house, accept the loss and reduce your monthly expenses - then you can pay for college.  But your position seems to be:  (i) you don't want to sell the house, because you'll lose $100,000, it may be a good investment in the future, and renting will make you feel bad, (ii) you want to pay for college, and (iii) you don't want to cut expenses.  You can't serve all of those masters at the same time.  [/quote]

+1[/quote]

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