<prompt> Human: 500k mortgage, 50k vehicle, and 40k credit. I make decent money at 130k a year... my monthly bills work out to be around: 2500 for the mortgage300 food80 internet100 server hosting500 vehicle300 utilities100 cellphone200 retirement fund100 workplace stockpurchase100 savings bonds60 cellphone500 debt paymentWith rent prices falling, I could potentially sell my house and besides paying off the mortgage, car and credit debt all in one swoop... but Ive never rented before, always owned, sort of annoyed at seeing such a huge chunk of my pay go into a wooden box... dont get me wrong, selling a house for more than you paid for it is great, but cant imagine what life would be like completely debt free... Would the money I save by renting say 1500 a month invested in I dont know what be smarter for retirement than selling a paidoff house when I retire?nbsp;EDIT: I should probably clarify, the market value of the house is 700k, the company matches stock purchases at 1:3, the company also contributes to a private pension, altogether my retirement savings are at 140k... not great, but at least its something...EDIT2: I live in Canada, in one of the more expensive cities to live. 500-700k is average price for a double-car garage home in a decent neighbourhood, though house prices and rent prices are falling slightly so far due to the economy... been through it before though... Should also clarify the 40k is a secured LoC that I took out to pay for the basement development this is my forever home, or at least I hope it will be. My takehome is roughly 7k a month.  <response>: Its true you owe a lot but your 2500 mortgage payment works out to be 14 of your income. Which is good nowadays and used to be the benchmark. You want to get rid of your vehicle and credit card debt. 