I’ve been squirreling away cash for the past few years, trying to simultaneously prepare for retirement and maybe buy a house one day. The general breakdown of my assets:
200K in my 401(k)
165K in an aggressive Wealthfront portfolio
310K in cash or low risk investments
I feel silly holding so much back in low risk accounts, but I’m also terrified to dump 200K+ into a down payment for a 1M+ home in the Bay Area.
I guess I just want to poll the crowd — if you were in my financial position, would you feel comfortable taking 30% of your net worth and putting it in Bay Area real estate? Or should I invest that money elsewhere? Another real estate market? The stock market?
I feel like I’ve put my life on hold the past couple years through indecision. It’s time to make a move, just not sure what the move is.
400K TC, 10 YoE
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comments
On whether its the ideal investment or not, nobody can say for sure. I would start with The NY Times calculator on rent vs buy projections. Typically, it will always make sense to buy if you’re holding a long enough period. I have a lot more faith in top RE markets than I do equity markets - particularly if Trump loses.
More importantly: how in Trump getting re-elected good for those markets? I feel like Wall Street seems to think he’s the best thing for them since sliced bread - but the amount of volatility he’s injected over the past 1-1.5 years is absolutely insane.
Anyway, that’s a hypothetical. I’d want 1M in the bank before throwing down on a house even close to that expensive.