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$250k is only just a home down payment in a lot of cities.
by AmericanChopper 4y ago
$250k is only just a home down payment in a lot of cities.
- majormajor 4y agoThat doesn't stop you from spreading it out... while you say "only" just a down payment, it's also worth noting that a down payment is the single largest cash transaction many people will ever make. Which is all the more reason that it doesn't make sense to have a giant balance all in the same spot 99% of the time. ("A lot" of cities is also doing a lot of work in that sentence... 250k is 20% of 1.25M. That would buy you a lot of house in the vast majority of US cities.