Having a bit of a dilemma around housing. I currently rent in a HCOL area but would eventually like to purchase a place closer to nature. Problem is I’m not sure when that will happen. I have a RE target as soon as this fall, but worry about getting a mortgage if/when I give up the job. I can see myself working for another couple years maybe, but also craving a big change.
I’m sitting on $225k cash because that’s standard advice is to keep money planned for use in under 2 years. I could see a purchase happening anywhere from 6 months to 5 years since I’m not settled on where.
Should I invest a portion of this or just sit on it? So much is up in the air. Housing keeps going up, which could frustrate my RE budget as well. Feels hard to plan! Thoughts?
Thanks!
I’m sitting on $225k cash because that’s standard advice is to keep money planned for use in under 2 years. I could see a purchase happening anywhere from 6 months to 5 years since I’m not settled on where.
Should I invest a portion of this or just sit on it? So much is up in the air. Housing keeps going up, which could frustrate my RE budget as well. Feels hard to plan! Thoughts?
Thanks!