[Kluny]

I think it's a cashflow vs capital thing. I'm in a similar situation - my wife and I aren't making much money at the moment, but our condo increased in value by so much that we were able to buy a million-dollar property. Granted it would have been a 300k property about ten years ago, but here we are. And due to the condo sale and the magic of financing, we have about 100k leftover to spend on renovating it and making it feel worth the money we spent. But we don't have much cashflow, so we need to spend that money as efficiently as possible, because once it's spent it will take a LONG time to build back up.

[moralestapia]

Assuming, of course, that neither of you lose your income for the next 30+ years ...

[Kluny]

Well, there are backup plans :)