I need some different perspectives here. My husband ran a small business for almost 10yrs before I met him, and although he was great at his skills, he wasn't great at keeping the financial side of it organized. He's been behind on taxes for years now, but he is finally working with a professional accountant to get things straightened out. We own a vacation cabin house and pay rent where we live. My husband thinks it would be a good idea to consider making our cabin house our permanent residence. He's worried the IRS could force the sale or seize it since it's a vacation home.
In my opinion, the cons are that it's small for our family size, it's 4hrs from his work, it's far from schools but there are school buses, it is far from all friends & family, it will cost more in gas, and my husband would most likely have to stay with family during the work week & only be home on weekends. The pros are we would have only a mortgage now. My hubby had this cabin before we met & started a family, so it holds sentimental value for him. He thinks it's peaceful & would love to live there. I think it's peaceful because we don't live there. It's a nice escape.
Does it sound smarter to leave everything and move into the one property we own, or sell the place and buy something closer to the life we've already established?
Read more: Can someone give me a good financial opinion on this matter?
