The question I'd ask is: is your industry/skillset of such a type that you can earn a living in a MCOL/LCOL area? I know that certain industries [finance, venture capital for example] are only available in VHCOL/HCOLI recently cracked the $2 million threshold and rent in a VHCOL area. I am the primary income with a kid, though I have no plans to send them to private school, etc.
House prices are so high that buying effectively means I cannot lose my job and continue to pay a mortgage. Between that and the fact that I can’t in good conscience pay so much money for so little home, leaves me with a question: what do I do with my money?
All my money is index invested, but to some degree it feels pointless — I have far more than I need for my family barring a lifelong injury or medical condition, but I’ll never earn enough to effectively self insure that case (disability insurance is unfortunately not an option for me).
What do people do short of buying a house when the goal is security and diversification rather than wealth accumulation?
Statistics: Posted by mtwistercapitalist — Mon Sep 02, 2024 7:59 pm