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Keep the house, sell the car. Selling car will let you to work a bit less cause that $500 debt is gone. When you graduate and plan to move revisit the fact of selling the house. The bay area is very expensive. In fact 100k will not get you much for rent forget trying to buy. And in a few years who says the Bay Area is still going hot. You may land a job locally where you are now.
If you were renting vs what your basic housing costs are now which is higher?
Just so we get it....
-- IF -- IF you sell the house, would you QUIT work ...and just live off the house proceeds for school and living expenses?
-- Or whether you sell the house or not you would still work, but perhaps less?
-- Finally, what school are you going to...a legit for year college, or some "training school?"
-- Also I didn't see you age?
I'd say...keep trying to juggle both work and school -- cutting back on one or the other IF you have to. I'd sell a car (and get a cheaper one) ONLY if it's a net financially.
I don't think I'd sell the house until I was getting ready to move. Any chance of taking in a room-mate or boarder to get you through, and bring in extra bucks? I also wouldn't be totally against school loans or financial aid -- IF -- IF we're talking about a legit university/college and degree...even then I'd keep a tight limit on how much student loan debt.
My grandparents had gifted all the grandchildren investment portfolios using inheritance money from previous generations. I got "control" of mine at 21 when I didn't know anything about it, nor did I have much interest other than the cash value. After I got married I would occasionally call to liquidate a few thousand dollars to fill in the gaps as my husband was about to start a PhD program. My husband was more than ignorant about investments: He thought they were evil. I mean like, he really thought investing was akin to gambling and that they directly destroyed social equality and the environment. He's from Mexico and a well off family that made it's money from land ownership. His only idea of a safe investment was (and still mostly to this day) real estate.
In 2007 we decided to liquidate the entire portfolio to pay for a transfer to a more prestigious institution. We didn't mean to time the market, but I wouldn't deny that we just knew it was time to pull out. i can't imagine what it would it have been worth if we had waited another year or two. No regrets there!
It was a piecemeal process the entire 5 years, but we were debt free at graduation. It was great to not have that over our head as we moved on.
I don't know what the right thing is for you. We didn't have much personal finance knowledge to make other decisions, but more educated people might choose to do it another way.
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