Brittany Jo
Region: US
Friday 12 June 2026 01:04:59 GMT
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Greek Donut Bar :
I think many people are missing the point… while paying slightly more monthly in rent, they rid themselves of the need to pay additional costs that inevitability arise in a home: plumbing leak, new roof, driveway repairs, etc. That money + money left from the sale of the home can then go to investing, where the annual return is far greater than a home’s (theoretical) return.
2026-06-15 16:32:00
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Aaron Oquinn :
So pay more and own nothing. And if you run your debt up again have 0 equity to pay it off with.
2026-08-05 00:31:50
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Cookie's Choas :
We did the exact same thing 💗 best move for us too💗
2026-08-06 21:36:35
1
Richard :
This is why financial advisors are sometimes needed. The fact that you’re paying more in rent than mortgage makes this a really poor decision. That $300-$400 a month difference could’ve easily been applied towards paying off debt early and even used a snowball method. Homeowners also have tax incentives. Renters don’t. Debts also provide write offs.
2026-06-12 03:50:41
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Lumabug :
Why didn’t you refinance? You could have used cash out to pay off the debt or a rate and term to pay it off. I’m a mortgage underwriter by the way.
2026-06-12 18:20:45
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Jacqueline :
why would you sell your home if your only reason was to pay off debt? why wouldn't you get a HELOC to consolidate debt or do a cash out refinance? no judgment, just curious.
2026-06-12 02:20:55
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Yingy88 :
So you sold the house to get the profit so that you can free yourself of debt? So it was a need to get out of debt.
2026-06-13 20:18:06
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corleyre :
I appreciate you and your family making this decision. I’m a real estate broker in Brooklyn for 25 years and believe too many people who bought homes in the last 15 years will not do well when they sell it their motivation is building equity. You made the right decision and I applaud you 👏👏👏. Any of the real estate agents who replied to your first post don’t understand what the “present value of money” means because they don’t have a background in finance like I do. Good luck on your home journey.
2026-06-14 16:08:41
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Swiftfish_Shan :
And one part people aren’t considering is the fact that yes you pay $300 more now in rent but once your lease is up, you could move to a cheaper place to rent and possibly save more. I think you made the decision you felt was best for your family. And if you find you don’t like renting, you can always buy again.
2026-06-29 19:45:51
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tam_tam 💙 :
Ppl don't account for how much they lose with realtor fees, interest and maintenance. All the look at is what they bought for and what they sold for. That's not the full picture. I've earned more in my 401k on my money than I ever did with my house after factoring in all costs. I debated going back to renting and love that you came on the internet to share all these costs that no one considers
2026-06-20 15:07:15
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conig_nog :
Ah! So now you are debt free and ONLY paying rent and utilities, not a mortgage on top of car payments, loan payments, etc? I feel like overall you came out ahead rather than behind? Now when you decide to buy, you will now have 0 debt.
2026-06-19 17:53:52
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puhtuhkuh :
Thank you for sharing your story. You appear to have done your homework and made the right decision for you. Some people just can’t understand that personal finance decisions are, by definition, PERSONAL.
2026-06-13 12:47:21
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Amanda :
Thank you for sharing your story, I appreciate the different perspectives
2026-06-17 11:50:46
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KAT👩🏻🦱 :
I have the same shirt!!! 👏👏👏
2026-06-22 19:05:32
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user7567442559066 :
Two questions: are you happier/more peaceful now and do you sleep better now? every other comment posted is an opinion, thank you for sharing your experience.
2026-06-22 02:02:09
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LoansbyCassie.com :
I feel you 🙏
2026-06-16 01:12:46
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The Obsidian Lens :
So what's next?
2026-06-15 04:17:10
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IXP1972 :
I have zero dept. I currently rent, I don’t have enough to buy a home. At 54, I think time is running out
2026-06-15 18:24:30
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Kristi ⚽️Mom 🥴Peri 😵💫ADHD :
I can semi relate. We refinanced our starter home in 2020 (bought in 2016). I think we were under 3% interest. But we felt like we were suffocating in our home. We wanted room to entertain our kids friends, our family, we have a lot of out of town/state family we didn’t have room to have when in town. We were able to buy the house we wanted and while more expensive, we bought when prices were down a bit in 2024, and will refi when rates drop (hopefully! 😭). With equity in our old house we paid off my husbands student loans that felt like we’d never pay off. If we put the extra money we had monthly from our old payment to what we pay now, it would have taken over five years to pay off his loans. And we’d still not like our house, and feel like we couldn’t do anything fun or vacation until the student loan was paid off. It wasn’t REQUIRED to be paid off, we just don’t like debt outside the mortgage and car payment. So we paid that off AND have a 3-6 month emergency fund in a high yield savings account. We’ve never had more than $1000 emergency fund before! The mortgage payment SUCKS but we love our new house!
2026-06-15 21:57:44
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playajunk :
anyone is free to do what their heart tells them to, but from a pure financial decision, you will probably be net zero in the short run but in the long run you will lose cuz you will have no equity.
2026-06-12 15:13:50
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Filazafer :
The problem is that you will never have this opportunity again. There is no more equity that you can ever use.
2026-06-14 00:21:51
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JustMeily :
Just a scenario, if you end up having to buy a car, would it then cost you even more than when you owned?
2026-06-15 10:11:10
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childfreedogmom :
Where I live, I couldn’t get nearly as nice a house for what my mortgage is ($1997, 2.6% interest, paid off in 9 years). I can’t imagine paying someone $2000 a month and getting nothing in return.
2026-06-15 22:57:07
1
gp88_ :
And then the landlord says, oh hey by the way we need the house for x or y and you have to move out , or we’re selling the house and now you have to uproot your life in the hands of the landlord. Owning your own home saves you from that. Just my opinion. It’s an uneasy feeling to have your life dictated by a landlord
2026-06-15 00:08:16
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funkphi :
Could a home equity line of credit have put you in a similar position?
2026-06-18 14:19:38
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