My husband and I would like to buy a single family home in the next 5 years or so for our future children.
We live in the San Diego suburbs, and the house prices are finally dropping here.
We will have our 3 bd/3 bath townhouse paid off in a few months and have no equity loans, car loans or any other debt.
We have great credit and $50,000 in savings for a downpaymnet on a new home.
Should we sell our townhouse and use the money towards a new house?
Or should we rent out our townhome and use the rental income towards a new loan?
Would it be best to keep the townhome for retirement income?
What is most beneficial for my family's future?
Any advice?