Salaryman
Recycles dryer sheets
Need your advice and feedback on this one.
We've been lucky in living below our means and side stepping the real estate market up until now. Our kids are growing and will need to attend a better school district than where we are now (6, 3 & 1).
Realizing that this decision is mostly personal as well as based on geographical location, I can provide the following info:
-NY, Nassau County, Great Neck school district
-dual income in different industries, outlook stable; early 40's
-'worst case' projection of losing one income still covers the household costs
-retirement savings 600k, other investments 200k+
-no debt, spotless credit
It's a big move for us and the scary economic/job market environment has spooked us somewhat. That said, the prices have come down and we will need to move eventually. Just not sure we're too early to buy or not.
Would love to hear your comments and suggestions.
We've been lucky in living below our means and side stepping the real estate market up until now. Our kids are growing and will need to attend a better school district than where we are now (6, 3 & 1).
Realizing that this decision is mostly personal as well as based on geographical location, I can provide the following info:
-NY, Nassau County, Great Neck school district
-dual income in different industries, outlook stable; early 40's
-'worst case' projection of losing one income still covers the household costs
-retirement savings 600k, other investments 200k+
-no debt, spotless credit
It's a big move for us and the scary economic/job market environment has spooked us somewhat. That said, the prices have come down and we will need to move eventually. Just not sure we're too early to buy or not.
Would love to hear your comments and suggestions.