I like your blog a lot and I’m an avid reader. You’re also the first FI blogger that I found in my searches on the topic, and you like beer, so I’m a fan. I rarely post anything online. As in, I’ve posted one single comment to your blog in the last two years, kinda rare. Why the change? I think I have something to say that could be important….and that never really happens.
I didn’t read all the comments or your replies, so if this is a repeat – feel free to ignore. So here it goes:
I think you lack perspective. You see a ton of money sitting there and it’s not doing the hard work you think it can. However, I think it is. It’s raising your family in a safe place you call home. It’s contributing to your family everyday and paying dividends in security, happiness, familiarity, and community. Would you pay $450,000 to have that? I think you would. Don’t screw that up. Feel free to disagree, but you could wind up making a mistake by pissing off that wonderful wife you include in your blog posts (I mostly agree with her input, btw). Take it from me…child support in your case would be devastating to what you have built.
You seem to be a guy who crunches the numbers and I’m surprised that you only focused on the upstream numbers, and neglected the downstream (plan). If you do the refi option, have a solid plan and an expected ROI. Personally, I would only lean on home equity if it was really needed to boost the ROI on a project.
Lastly, go to google maps. Harrisburg, PA. The intersection of Market and 2nd. Street view. Get close to the southeast