My husband and I have spent the last 5 years paying off debt and saving to hopefully purchase a house but the price jumps in the last year have pretty much priced us out. What should we do with our money now that homeownership is off the table for the foreseeable future?
Relevant details:
Combined income - $80k Cash savings - $85k ($65k inherited $20k saved) 7% of income goes to Roth IRA Zero debt No kids (and no plans for them)
The area where we live used to have homes in the $300-325k range but now anything that's not a tear down is basically $500k. We have aging parents and other family in the area and will be staying here for the foreseeable future.
We are relatively new to getting our financial shit together and still learning the ropes so any help or insight greatly appreciated!
Submitted May 11, 2021 at 07:05PM by queencathleen https://ift.tt/3hgogxa
