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[quote=Anonymous][quote=Anonymous]I guess here is my concern:  so much of what would otherwise be our emergency fund is tied up in the house.  Is the alternative when this shutdown mess is over to get a HELOC that we could tap in an emergency if this happens again?  We already do many cost cutting things like have discount cell plans (Mint Mobile 2GB for $15 per month) but do not have enough of a cushion.[/quote]

This is what I was going to suggest, but it isn't something we've done so maybe someone else can chime in. Otherwise, you're just moving the money around and not saving too much. It's possible that less lawn care, less utilities, and less property taxes would add up to significant savings over time, but that might get eaten up by less appreciation and higher commute costs. It's hard to know for sure.

I have the same urge to downsize now, but I've run the numbers and can't make them add up to the amazing financial freedom I'm imagining in my head. And we love our home and neighborhood. I figure the best time for us to move again is when our kids are in college and we're downsizing for just the two of us. [/quote]

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