For a down payment, sure. But beyond 20%? Mortgage the rest. Interest rates are low. Then, in the future, you have the option to repay early through further stock liquidations. Pay a small premium for the flexibility. Your income will qualify the mortgage anyways, so you will always have the cash flow to keep up with payments as long as you keep working.
Good point. I should have noted I'm looking in the Seattle area.
Another twist perhaps. I have another house that I want to keep and rent out vs selling so that's why I'm considering dipping into the stock. Maybe I should sell the house instead of stock? I think keeping the house is better though.
Never sell real estate.
Yes stocks are close to all time highs and mortgage rates is low.
Of course, 200k gives you leverage of 1m for 3.7ish% interest. It doesnt get better than that!
Oh wait it does that interest is tax deductible!
You don’t seem to be concerned about holding a shit ton of a single stock. From a financial planning point of view that is really not a good idea. You should already have sold your MSFT and diversified.
That's a fair point. That being said I do have other investments (401k). And I do have a bunch of stock that was given to me on yearly bonuses and are vesting. I guess your position is sell some stock but buy other stock with it vs money toward a home? :)
My position is don’t hold a shitload of stock from a single company. Period. It’s doubly bad to hold a lot in the company you work for - if the company does badly, you can lose your job and your investment. The housing question is kind of secondary and I don’t have an opinion.
You'll cry when it hits $1000. Just $860 away. So dont
Only if you have kids.
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