Quote:
Originally Posted by CaffeineQueen
Congrats?
Can't really tell.
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No it is a good thing. We would have never moved back to that house, and we really didn't have the finances to make two homes work, especially with a renter that doesn't listen, my wife still in school and only one income. We pumped between $7-$10K (not including covering the mortgage for the last 6 months) in a house we never lived in for two years to just keep it up. I don't make that kind of coin to be shelling that out left and right.
In a perfect world i would have loved to have sold the house when we were more settled after my wife graduates and used that to pay for something else. But instead we will pay down a ton of debt, then invest the rest for something down the road. Looking at capital gains taxed right now, but so far we should have very little, if any to pay, since we didn't net that much off the house.
But those are first world problems, nothing to fret over.