Male 46 here. I live in a 2 bed condo with my wife. My daughter is 19 and spends more time with us than in her dorm. My condo is paid off so I do not have a mortgage. I do have a 350 HOA. My wife wants us to buy a home so we can have some room when guests come over. She also wants to be able to socialize with people so we have a patio and some room for people to sit. I am the sole earning member. I make around 110K a year and have 150K in cash. I do have a 401K of around 500K. I lost a lot of money in 2008 and made bad investing decisions to jump out of the market. Now I invest cautiously and put about 1000$ per month into an investment account.
I live in Central Florida and am looking at a house in a gated community called Heathrow. The location is good. I do like the thought of living in a house. However, I am not handy. I am also wary of the additoinal maintenance expenses like lawn care, repairs, breakages etc. The cost of the house is 350K. I intend to put 20% down.
I also suffer from depression. I am doing well now but i worry that I may fall into the hole again and not be able to take a break. I usually need a lot of downtime to recuperate.
Is it just better for me to forget the house and continue to live with the limitations of my condo? I realize I am asking a complicated question but would like your advise.
Submitted May 05, 2019 at 04:00PM by SpecificReveal http://bit.ly/2ZQQzHg
