4 ms·
If your primary concern is runway with the cash you have, I would not recommend tying up a massive amount in buying a house. A $200,000 house would be 200 mont
by brokencode 5y ago
If your primary concern is runway with the cash you have, I would not recommend tying up a massive amount in buying a house.
A $200,000 house would be 200 months of runway at $1,000 a month. And it’s not like you can actually live there for free. You still have property tax, utilities, maybe repairs, maybe HOA.
Then you also have less flexibility to move or scale down if you decide to go for a cheaper place. Every home transaction has a 6% fee just for the real estate agents on top of any other fees, and your house could also lose value.