u/throwaway27481619

My house is for sale and although I can afford another one, I’m looking at rentals for the same floor plans in the same neighborhoods (literally same streets) and they are significantly less than was the mortgage would be. Like $400-$500 less. Would buying again be simply a pride thing at this point?

Editing to avoid the very obvious answers. Again, I’m looking at home on the same street so it’s not a matter of privacy or location or space or any of that. Of course I know I get equity. I own a home now and have been tracking. I’m not that oblivious.

The real question would it hurt me so much if I rent for maybe five years and buy again later versus doing it now. What would I be missing out on?

I’m 30. Bought when I was 26 during post COVID. Very low interest. But I am miserable with the location of my home. I want to sell simply to go back to renting an apartment in the city but I feel so guilty about it and can’t bring myself to list.

Please help me feel better about this decision!

Also it’s gotten expensive so I guess that’s a reason too. I’m in a sole income. Mortgage (plus all things) went from $1550 in 2022 to now $1800 in 2026. Multiple tax increases, causing shortages in escrow and on and on and on.

What should I do? I’ve been thinking about it for over a year now. I originally contacted an agent August last year but chickened out.

Renting it out is not an option. I’ve contacted two property management companies. I’ll be losing money in this market and I’d need thousands to update my carpet. I simply don’t have the extra money to be a landlord.