So 7 years ago we massively up sized and currently have a big house with a big mortgage. We over pay on our mortgage as much as we can but there is no sign that we will be mortgage free within 10-15 years as we would want to be. Plus it impacts a lot on what we can afford to do in every other aspect of our life.
I feel we have the balance all wrong and I'm not sure this house, which I've always viewed as a long term investment is worth the sacrifice anymore.
I've started looking at houses that would potentially half our current mortgage but it would be a massive down size. I just wonder if I will end up regretting losing all the living space we have?
We are restricted by area, moving away from our current location isn't an option so there is limited choices. If we waited another 5 years we could be more flexible but I'm not sure I want to continue our current lifestyle like this for another 5 years. HELP ME!
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Anyone one massively down sized whilst the children are still very young?
23 replies
Ifcatshadthumbs · 06/11/2013 10:03
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