I live in NYC metro area. I'm finally getting rid of my student loan debt YAY! And am now thinking about what we should do with our savings once that financial burden is out of the way.
I have a 2BR/2BA that I rent. It's a pretty sizeable apartment in an awesome safe and convenient location. The rent is affordable and the landlord lets me sign 2 year leases at a 2% increase (so far). Heat and water is included. General maintenance included.
I could keep renting and max out 401K, shelter income in HSA and FSA account, and start IRA.
Or I can put some of those things on hold and save for a down payment on a house. The issue is that to get a move in ready House it would be at the top of what I can afford or Id have to spend 3-4 years saving for a reasonable down payment. Houses that are easy to afford are actually decrepit and require a lot of investment. I kinda don't want to do that.
Any thoughts
Submitted April 01, 2019 at 09:17PM by ALC8915 https://ift.tt/2FHro0K
