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Money and Finances
Reply to "Earning Well but Drowning in Debt...how to dig out?"
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[quote=Anonymous][quote=Anonymous]Understanding that equity building and tax advantages are important, your current house isn't working for you right now anyway, so why not move to an apartment or rental house short-term, get yourself dug out, build up some savings, and buy again, a house that works better for all of you, when you're in a position to?[/quote] Selling the house isn't an option bc someone at some point told her that rent is wasted money and equity is sooo important without first telling her about the perils of debt. So the equity value she may (or may not) realize several decades from now when she sells far outweighs the quarter million in non-mortgage debt hanging over her.[/quote]
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