A tough life decision......

[shilala]

At 32, and the housing market being what it is, I'd ride out the investment in your current home.
You're going to put a lot of money in that 1957 home, be sure to factor that in.
Consider kids. I don't know if you have any, how many, or if you're done making them. Will the parent's house provide enough room? Is it the place you want to retire to?
It boils down to what you love.
If your current home makes you happy, it's worth whatever the cost. Planning for retirement is great, but you need to balance the cost in your quality of life now. Things happen. I'd suggest you put your family's quality of life now in first position. Maybe that early retirement never comes due to circumstances beyond your control.
You'll never be disappointed if you've led a full life already when it comes time to retire. You can always downsize later and likely do better, or revisit this in 10 years.
You may lose the opportunity to buy your parent's house, but it's also likely to come back on the market somewhere down the road.

Or go ahead and buy your parent's place. Just make sure your choice is what will make you smile every day. Don't let your decision be influenced more by dollars and cents than your happiness. Life is way too short, my friend.

[CigarSquid]

Originally Posted by ashtonlady

The house that you are in now can be reproduced if you find what you did didnt work for you. The house you are talking about moving into is your family home. If it wasnt about the money would you do it?

Originally Posted by chachee52

This is a hard choice. I'm a type of person that it doesn't matter the house, but the location. I personally would kick myself letting go a property like you described. Any way you can sell of a few acres of your current land to cut the morgage down?
Also I had an issue in my family where my sister bought my grandfather's house (where my dad grew up) and treid to fix it up but failed (long story) you could tell that my dad was very upset in messing the house up but he never said anything.
Then I had the chance to buy my parent's house and same as you, I would have gotten it cheap and would have been able to add what I wanted, but I chose to pick a house that was next to a lake and a little more wooded area. I don't regret paying more and having a bigger morgage to live in a place that I love.

Originally Posted by shilala

At 32, and the housing market being what it is, I'd ride out the investment in your current home.
You're going to put a lot of money in that 1957 home, be sure to factor that in.
Consider kids. I don't know if you have any, how many, or if you're done making them. Will the parent's house provide enough room? Is it the place you want to retire to?
It boils down to what you love.
If your current home makes you happy, it's worth whatever the cost. Planning for retirement is great, but you need to balance the cost in your quality of life now. Things happen. I'd suggest you put your family's quality of life now in first position. Maybe that early retirement never comes due to circumstances beyond your control.
You'll never be disappointed if you've led a full life already when it comes time to retire. You can always downsize later and likely do better, or revisit this in 10 years.
You may lose the opportunity to buy your parent's house, but it's also likely to come back on the market somewhere down the road.

Or go ahead and buy your parent's place. Just make sure your choice is what will make you smile every day. Don't let your decision be influenced more by dollars and cents than your happiness. Life is way too short, my friend.

Good points.

Have to think well enough in the future.

I always tell myself, think about the situation for a week or so.. Write the good, bad and OK's out of it down. Also, make notes of the negative thoughts you have and weigh them to the positive thoughts.

So far, that has worked in my 27 years.

Personally, I would love to have the property you have right now and till I die. I know you said the mortgage is higher than you like, But is it affecting you at all?

I would think hard about it and really weigh in everything.

Good luck!