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Broke and thinking about selling

I bought my house in 2015 for $126k with an FHA loan. It’s now estimated around $213k, and I owe about $96k. I’m considering selling next year and renting for a while.

I know rent may cost more than my monthly mortgage, but that’s not really the issue. I’m house-poor, carrying too much debt, and my margins are too tight. I’m 40 and down to less than $100 in my bank account after an emergency vet visit last night.

My mother keeps telling me that if I sell, I’ll never own another home, and that renting will be a disaster because I’ll be at the mercy of a landlord.

Why do people keep telling me this would be a huge mistake if the goal is to get out of debt and reset financially?

submitted by /u/Agitated_Pudding7259
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1ty231v/broke_and_thinking_about_selling/
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