Quote Originally Posted by Jeffski View Post
You should never have a mortage payment that's almost half of your monthly income. I would highly recommend staying put. I just think selling your house in a slow market is a bad idea especially when you're looking at buying a more expensive house at a higher interest rate.

The numbers were take home. After paying the mortgage I would still have $4000 left. I think about when I first bought the house in 1992 I had a 30 year 8% mortgage. It took all of 2 take home paychecks to pay the mortgage and the family had $1600 left over each month from the other 2 paychecks to spend. We were house poor, but we got throught it. It seems like it will work on paper, but I have $5000 left over every month right now after paying the mortgage and I can't seem to save much money.

The slow market seems relative to me, I may get 10 to 20 thousand less selling my house, but i should be able to make in up when I buy another house.

I change my mind on what I am going to do every couple of hours or so.