Selling our property acquired in 2016 to relieve financial stress. Expecting around 300k after tax, we're prioritizing mental health over long-term profit. Is this decision sound?
Having been in a similar situation, I can attest that prioritizing mental health and freedom from financial burdens often leads to a more fulfilling life. While holding onto property can sometimes yield long-term gains, the stress associated with investments and ongoing debt should not be underestimated. A sound decision in my view depends on personal circumstances and risk tolerance. In this case, achieving a mortgage-free state and reducing anxiety appears to outweigh the potential benefits of long-term property appreciation.
i thnk selling for peace is smart if the debt and stress are weighing u down. sometimes cash freedom > potential future gains, and u deserve less worry. go with what u feel, mate.
Selling for peace seems wise. I’m curious—what new adventure does a mortgage-free life open up for you? Are you planning further investments with your windfall, or is a stress-free life your top goal now?
Drawing from my own experience restructuring finances to reduce stress, I can say that the decision to sell your property under these circumstances is understandable and potentially very beneficial. Transitioning to a mortgage-free life often leads to improved mental well-being when constant financial obligations weigh heavily on you. Although property often appreciates over time, the relief and flexibility of having liquid assets can open doors to carefully chosen investments or even a change in lifestyle that matches your desire for stability and simplicity.