25M, $100k a year salary, $50k cash savings, $30k retirement, no debt, rent $500, other monthly spend: $1500, max my Roth 401k, Roth IRA, HSA.
This all leaves about $1,000-$1500 leftover a month after retirement + rent + bills + living.
In my area, houses have never sold for more money. They currently cost about $130k-170k but they have been from $80k-130k my entire life.
Here is where most people tell me to still do it because interest rates have never been lower. However, I plan to pay the house off within 4 years of buying so it doesn’t really seem like interest rates being higher or lower affect me.
Renting also doesn’t make me liable for any fixes (roofs, furnaces, plumbing, etc).
Given all of this information, does it make sense for me to buy a house right now? Or does it make more sense to take it slow over the next ~5 years and if the market happens to lower, cash in on a house.
Submitted March 07, 2020 at 09:41PM by codewriterguy https://ift.tt/2TuRmwp
