I got a pretty good offer to sell a condo I've been at for about a decade, I owe a large balance in a variable rate mortgage and it needs a bunch of repairs. The offer is surprisingly good, and is taken as is. The only concern I have is rooming with other people. My background check won't come up clean so I'm leaning toward private rental situations, no corporate leases. This will lower my bills and stabilize my income situation. Although there's a chance I could possibly stay and make enough to make the repairs and carrying cost, much of my work is ephemeral as it's commission based and takes months to pay out. I figure if the housing market continues to cool here in TX I can be in a way better position with cash ready and keep stacking. My only concern now is the loss of status of home owner. But really the bank owns it right now, so should I really care? It's not in a great area and I've spent too much time stressing and going nowhere with it. Just hoping I don't get overstimulated by sharing a house.
