Help me figure this out. I know it's a common question, but i'd like some advice on my specific situation.
We are considering moving (for a variety of reasons not relevant to this exercise). If we sell our current house, we'd cash out about $100,000 in equity. We could rent in our new location for a cost similar to our current PITI and put that equity to work in a different way. However, if we stay put, we'll continue to have that equity "locked up" in our house, but we will also be "gaining" ~$700/month in additional equity from our mortgage payments (at the low cost of 3.5% interest).
(I don't think buying a new house is feasible in the new location given the housing market and rising interest rates)
I mostly think staying put is financially beneficial for us, but convince me otherwise!