I've been a frequent reader of personalfinance, and had a qq. I'm a 24M who makes $100K, soon to be $120K. I have ~60K in liquid assets and ~40K in 401K. I'm also expected to get a ~30K bonus, pre-tax in ~1 year.
I am considering buying a house in the Bay Area for ~950K. I know this is a stretch, but my dad is willing to help put in ~250K as the down payment.
The idea would be to rent the house for a while, before moving in. Does this make financial sense? I'm worried about being priced out of the Bay Area market long-term, as I know I want to live here.
Submitted June 26, 2017 at 12:46PM by gothrowaway777 http://ift.tt/2sJlo2i
