We own our small home. During winter, it's warm and cosy but come summer, its seems stuffy and cramped.
For the moment, we choose to stay put although we could afford a significantly bigger and better place.
Are we making the right decision? You decide.
Partly, the reason we choose to stay put is because it's been so long since we bought a house, it's a bit of a fear of the unknown: the hassle, the time spent looking, the packing and moving. For some people, especially those who move relatively frequently, the business of house moving probably seems a much less onerous task to them than us.
Call it inertia, or stuck in a rut or whatever you like.......but the truth is if we felt that strongly about it, we'd do something about it.
The main reason we haven't moved is that I don't see my home as an investment. Our home is where we live. My main focus, at the moment, is building up a pile of appreciating and cash generating assets.
Eventually, we will buy a bigger house. I have no doubt of that. But when we do, it will be mainly or wholly for cash.
It helps that we don't view having a big house as our divine right. We're prepared to bide our time. (although I'm a right moaner when it's hot).
That's our plan. Time will tell if it's a good one.