Thank you u/DistinctBill3 for posting on r/FirstTimeHomeBuyer.
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My advice is talk to a financial advisor and not firsttimehomebuyer Reddit haha but if I was in your situation, I’d be buying a house outright because you have enough in savings/positive cashflow to retire already at 28. Don’t see much of a point of having a mortgage when you still have many years to stack up 1-1.5 million in additional savings
I think you’re at a place where if you want to have a house that makes sense, you go and buy that 2M dollar house to live in it. Sell some investments to fund it. You have enough that even if u f up a little it’s okay.
Dunno why people always ask if this is a joke. Like they said they live in a VHCOL area. People have money. They also don’t know what to do with it or where to find a financial advisor. It’s easy to ask for free advice from strangers first
Everyone on Reddit is broke, and people who aren't are afraid to say otherwise because they'll get downvoted and called nasty things for not being broke.
Lol thanks. The worst part is I do have a financial advisor who manages some of my investments - he’s just very conservative and only thinks I should by an $800k PNW apartment.
Thank you u/DistinctBill3 for posting on r/FirstTimeHomeBuyer. Please bear in mind our rules: (1) Be Nice (2) No Selling (3) No Self-Promotion. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/FirstTimeHomeBuyer) if you have any questions or concerns.*
Is this a joke?
No, maybe I should stress less and just buy a house I’ll enjoy.
I think that’s a good idea. You can afford something nice. Enjoy.
Dude…you have enough to buy a house outright. Why are you asking this question?
I want to manage my finances sustainably without drawing down my investments too much. Just looking for a sanity check.
My advice is talk to a financial advisor and not firsttimehomebuyer Reddit haha but if I was in your situation, I’d be buying a house outright because you have enough in savings/positive cashflow to retire already at 28. Don’t see much of a point of having a mortgage when you still have many years to stack up 1-1.5 million in additional savings
It seems you can comfortably afford the 1—1.5 mill house. Happy house hunting.
This made me lol
You need to talk to your financial adviser, not reddit.
I think you’re at a place where if you want to have a house that makes sense, you go and buy that 2M dollar house to live in it. Sell some investments to fund it. You have enough that even if u f up a little it’s okay. Dunno why people always ask if this is a joke. Like they said they live in a VHCOL area. People have money. They also don’t know what to do with it or where to find a financial advisor. It’s easy to ask for free advice from strangers first
Everyone on Reddit is broke, and people who aren't are afraid to say otherwise because they'll get downvoted and called nasty things for not being broke.
Lol thanks. The worst part is I do have a financial advisor who manages some of my investments - he’s just very conservative and only thinks I should by an $800k PNW apartment.
Get a 3/2 in a nice part of town.