I will graduate this school year and just accepted an offer in Seattle for TC 180k (salary is high at ~130k, and I'm fairly confident my stock compensation will be stable through the recession). Current liquid net worth is around 75k. Signing bonus will be another $30k post-tax. I also have a new car that's paid off. No debts. I like Seattle and plan to stay there for at least 5 years. I've got this money and I can either invest it or buy a house. Seriously considering buying a house because I like the city and house prices are affordable compared to California (~600-800k). I plan to rent out rooms if I purchase one so that my mortgage payment is reasonable, and I've been preapproved for a mortgage if I want one. Tell me Blind, am I an idiot if I purchased a house? Pls give a reason if so Thanks
You are an idiot
Why the hostility?
Good job. 💪
Looks like you are off to a great start. Most advice you are going to get here are from people with lesser gumption, abilities and drive than you. Buying and renting out makes sense if you have the liquidity. You will come out on top. Good luck to you.
Hell ya. All that drive being born into a well-off family. I wish I was that driven when I was born!
Damn your parents must be looooooaded
Also buy the house lol
I would say wait another year or so before deciding to buy. You will have more savings for a down payment and a better sense of where you will be long-term.
Ay! Tech TCs makes me wanna transition to that industry 🌚 but fly Delta, always! Haha
Not a pilot?
Haha no, data analyst here
Buy a house and rent out spare rooms. I’m currently doing this in the Bay Area and my monthly expenses are $1500, out of which $300 are tax deductible and $1200 goes directly to my equity
Invest instead for now imo. Good that you plan to stay here for 5yr, but new opportunities come up and you don’t want to feel tied to one place in your early 20s.
Hey welcome to Seattle!
Do it why not?! and rent other rooms!