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Live mortgage free but unhappy with house or buy dream home and have debt?

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Comments

  • eidand
    eidand Posts: 1,023 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    I am in a similar position somewhat and my decision is to find a new place to live where I am happy, accept the new debt and just enjoy what I have. Nothing is worth staying in a house you don't like, in an area you don't like.
  • letitbe90
    letitbe90 Posts: 345 Forumite
    LandyAndy wrote: »
    Be wealthy and unhappy or not so wealthy and happy?

    Not a contest in my eyes.

    Potentally happy. Keyword potentially.

    Could become not wealthy and unhappy! Grass so often appears greener on the other side.
  • Smodlet
    Smodlet Posts: 6,976 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    eidand wrote: »
    I am in a similar position somewhat and my decision is to find a new place to live where I am happy, accept the new debt and just enjoy what I have. Nothing is worth staying in a house you don't like, in an area you don't like.

    ... Unless you really have no other choice. You do, OP.
  • ThePants999
    ThePants999 Posts: 1,748 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Gwendo40 wrote: »
    Spoken like a true obedient, compliant little mortgage slave worker drone.
    From the evidence of this post alone, I'll wager that my life is considerably happier than yours.
    Gwendo40 wrote: »
    Not attempting to insult or belittle anyone, just don't appreciate people coming on here with their ''impartial'' advice when they're clearly coming from a position of vested interest.
    I have no idea what you think my vested interest is.
  • gavinmarci
    gavinmarci Posts: 1 Newbie
    at the risk of dredging up an old thread...

    In a similar position so have been doing a fair bit of thinking

    I would buy a more expensive house with a large mortgage (in fact have just done this)

    got a v large mortgage at 1.7% (inflation currently 2.1%) fixed for 5 years
    house is beautiful and makes me ridiculously happy - spend less money out and about and more time in the garden
    even if I were to downsize in 15 years time - there is no capital gains tax to pay and therefore your primary property is probably one of the best investment classes out there...
  • onwards&upwards
    onwards&upwards Posts: 3,423 Forumite
    1,000 Posts Second Anniversary Name Dropper
    You’d be much better off starting your own thread.
  • pinkteapot
    pinkteapot Posts: 8,044 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    old thread warning
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