What would you do??

What would you do?

No judgements as I went through a depressive stage which didn't help our financial situation at all.

We have a lovely home on a decent block but we bought it when we were young no kids, two excellent incomes.

We now have kids one excellent income and one which is only 100-200 a week here and there.

But as the loan is so high we are pushed to our limits and to even just to put the kids in swimming lessons can be a struggle.

So We can sell our lovely family home on 1/2 acre and build a new house that will be more comfortable with room but on 600-800msq block. Loosing our space and land that the kids use. But we would be better off financially, I can study without stress of having to work too and have a lot more freedom that on school holidays we can say yep lets go away without worry about money.

Or
We can stay here struggle with money, can't put the kids in a simple swimming lesson for at least 6 years as my study is going to take that long. My son will be 14 then and I feel we can loose a strong contact/bond as both parents will have to be working non stop and me studying.
When we have the ability to be better off.

So the question is would you do it?
We don't want to regret selling the big block and living right next to neighbours where you can hear everything or be stressed all the time and not getting anywhere.