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Take the Sure Thing, or Straighten Up and Fly Right

If one option is guaranteed and the other a gamble, don’t count on the gamble.
Take the Sure Thing, or Straighten Up and Fly Right
Putting your home at risk is not a good idea. Pla2na/Shutterstock
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Dear Mary: We live in Nevada and own a second home in Arizona. My husband wants to sell the Arizona property and then use the proceeds to pay off our credit debt, auto loan, and home equity loan on the Nevada property—about $165,000 total.

I disagree. I think we should rent the Arizona property to generate income and benefit from its future appreciation.

Mary Hunt
Mary Hunt
Author
Mary invites you to visit her at EverydayCheapskate.com, where this column is archived complete with links and resources for all recommended products and services. Mary invites questions and comments at https://www.everydaycheapskate.com/contact/, “Ask Mary.” This column will answer questions of general interest, but letters cannot be answered individually. Mary Hunt is the founder of EverydayCheapskate.com, a frugal living blog, and the author of the book “Debt-Proof Living.” COPYRIGHT 2022 CREATORS.COM