I'm in the "you're throwing yourself off a cliff" camp on this one, I'm afraid! Though it might only be that my definition of homeownership doesn't actually include the concept of the house being an investment; rather, it's my home. I can understand being fed up with your place, but I think making an effort to make it more comfortable for you is smarter than chucking it and buying someplace new in the current economy.
Also, despite M's job being safe, you like most Americans are almost certainly one serious illness or accident away from bankruptcy. Not to be a doom and gloomer, but on that basis alone I'd be very reluctant to deplete my retirement by some 80% in order to buy a house I only plan to stay in for five years. Add in your plans to adopt and it seems that much more reckless to me. (Also, I'm not sure how adoption agencies would look upon you as prospective adoptive parents if you happen to be in the middle of a huge move at the same time - from what I know of such places, they're looking for stability above all, and that means people who are settled in their home and community.)
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momijizukamori
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Date: 2009-03-20 04:19 pm (UTC)Also, despite M's job being safe, you like most Americans are almost certainly one serious illness or accident away from bankruptcy. Not to be a doom and gloomer, but on that basis alone I'd be very reluctant to deplete my retirement by some 80% in order to buy a house I only plan to stay in for five years. Add in your plans to adopt and it seems that much more reckless to me. (Also, I'm not sure how adoption agencies would look upon you as prospective adoptive parents if you happen to be in the middle of a huge move at the same time - from what I know of such places, they're looking for stability above all, and that means people who are settled in their home and community.)