<prompt> Human: Im a married man with a baby due sometime this month. I inherited a condo 7 years ago in the SF Bay Area worth about 530,000 , I owe 140,000 on it, Im paying 2500 in property taxes per year and 4800 in HoA fees. After all expenses and credits, it is earning me 800 per month as long as it requires no repairs or upkeep costs.Im earning 45,000 per year outside of my rental income for a total of 55,000. We have no college loans to pay for, no car loans and about 5000 in credit card debt. My wife is currently not working.The big issue is our current house were living in, its worth about 700,000 and we owe 370,000 on it. This means 2700 in taxes, insurance and fees, and up to 3,000 per month including electricgaswaterwaste. We have no auto loan debt but we also have about 300 per month in credit card debt. This gives us debt-to-income ratio of about .77:1 granted some of those things I calculated in there are auto insurance, internet, HoA and the electricity bill.We have no savings what-so-ever and are living paycheck to paycheck. Due to our mutual stances on newborn and infant care my wife will not work again until October. We are barely scraping by every month, weve stopped spending money on luxuries or activities altogether in favor of staying home and abstaining from luxuries. We cook every meal, coupon clip and shop around for lowest prices on groceries as opposed to going to the closest grocery store.Should I take on more debt? Should I sell one of ours cars theyre both worth 5,000 and get 45mpgs Should I get a part time job on top of my full time job? Should I sell the condo?Assistant: You are asking the wrong question. You should be asking if you should sell your home. Your monthly gross is about 4500 Im guessing your net is around 3800. Are you really spending 80 of your take home pay on housing costs?I have a couple of potential solutions here but it depends on other things. Like, is your wife ever going to go back to work? Do you have anything in a 401k? How old are you? Human: My wife will go back to work in October, I have nothing in a 401K and Im 31 years old.Assistant: I have nothing in a 401K and Im 31 years old.That seems like a large problem.Edit: Come on people, dont downvote the guy just for asking for help.Human: Why?  <response>: Because you make a decent living and have nothing but two too expensive for you homes to show for it, no retirement fund and no liquid assets. If I was you I would sell BOTH homes and get something you can actually afford. Use the leftover to pay off all debt and have a liquid maybe tfsa emergency fund and then invest the rest for the future. In theory you should be doing well but youre really not when you look at this mess on paper. 