Originally Posted by
nene
Dont let the golden handcuffs of a cheap rate control the decision. If housing prices have doubled then use that newfound equity to begin living where it makes sense long term. With kids though once they get to HS age it gets a lot harder to change locations. Lastly like an infamous podcaster says "marry the house but date the rate" meaning you can always refinance but generally prices seem to go sideways or up over time.
I hear what you're saying. It's the rate in combination with the increased price of housing. Renting out my current house from another state just sounds like a giant PITA I would rather live without, not to mention my portfolio would be almost entirely real estate between two houses once we finally buy wherever we decide to live.
A 6% interest rate is high compared to what we locked into, but it's not that high from a broader historical perspective. What's tough is 6% on more than double the house.