My wife and I heeded the sage advice of MMM, saved, and we made a bunch of improvements to our townhome. Then sold it so we could use the proceeds to buy a larger single family. Our family of 3 is expanding to 4 and the townhome is only 2beds. Our mortgage literally doubled in the process, plus a larger home that costs more to heat/cool not to mention water, etc. But, we also paid off $12k in consumer debt. idk, does this go on the mustachian wall of shame or is it a wash?
We're still applying MMM principles to daily life so we can continue saving and paying off our remaining student loans, which are hefty. ($60k, yikes). I believe MMM would have said stay in the townhome with the reasonable mortgage, pay off debt, then move. But the market is hot (denver metro) and the interest rates still low (4.25%) so I wanted to make a move before those went away.
