I’m 49, divorced, Chicago burbs. About to sell my house because I don’t like the location.
I will walk away with about 30k in savings, no debt. I pay about 1k in child support and make $125k, for a pretty stable company.
I was gonna rent for a year, save up another 20k and then buy like a 250 or less townhome, but then I started thinking why not just drop the money in a conservatively invested brokerage account, keep renting and not even own.
the thought being, my daughter goes off to college in 8 years , I might want to relocate somewhere warm. Even if I stay here til retirement I will only be 18 years into a 30 year mortgage. If this overheated housing market behaves like the last one did, the townhome might be a shitty investment.
anything I’m missing ? Any thoughts? Buying vs renting is about the same monthly, and I would be comfortable in either.
thanks in advance.
Submitted March 16, 2021 at 12:01AM by Worth-Flight-1249 https://ift.tt/3vqy2kW
