Work has been wearing on me lately so maybe I'm not thinking straight, but is it crazy to sell our house and rent with our first child on the way? Here are the numbers:
Age: 30
Home value: $1,000,000
Mortgage: $240,000
Home equity: $760,000
401k: $250,000
Taxable: $150,000
Other debt: $0
Annual household income: ~$250,000
Annual spending not including mortgage payments: ~$36,000
So is it crazy to sell the house and invest the $760,000 and rent somewhere? We live in Seattle so rents won't be cheap. Convincing my wife to do this will be a challenge, but wondering what the forum thinks.