I won't go into too much detail on high income etc, rather I am genuinely looking for advice from anyone who has been there and done that.
I live in a high cost of living city and realistically, I won't be looking to buy a home until 2025 (out of the city). By then, I estimate I could have at least between $275k and $375k to put towards a deposit (after capital gains tax).
But, I really value the idea of continuing to grow an investment portfolio in my non-retirement brokerage (largely b S&P 500 and some other stocks I like), with the goal of getting to a point in say, 10 years time, where it could be say $800k+ (lifestyle changes and income changes considered) and potentially churning out earnings/growth that service a mortgage by themselves, or put myself in a position to handle a bigger purchase (say $1.25MM rather than $750k). Of course, I am aware of the possibility that the property market could heat up continuously, interest rates may go through the roof, my investment returns could be poor etc., but the inverse could also be true.
Anyone done this and thanked themselves? Anyone done this and regretted it? Thank you
Submitted July 26, 2021 at 09:54PM by the-ANZ-falcon https://ift.tt/3iP1gV3
