$3M in bank. Rent & Invest or buy
Long story short. 3M in cash. 2 kids. Employed. We need a bigger place to live. For kids to play outside, good schools etc... Eastside Seattle.area. Houses in good school district are at least 2M plus. Put most of it in real.estate?
buy with mortgage and invest the rest in stocks and bonds
7.5% interest?
Send it to me and I will double it in the next 3 months
Double it and give it to the next person?
If you move, make sure to have another kid or two to get your money's worth
Lol. Invite relatives over
Lol not what I meant. More so in terms of the saving in cost for education
Why is it all in cash?
Sold a bunch of stock.
Sounds like a lot. Have you set the tax money aside?
Owning a house is overrated. Rent a house that you desire to buy. Send kids to private school. Invest your cash in a rental home or in stocks with the money you have.
You can’t have both ways. If you feel stock returns would be better than the current interest rates then take a mortgage else pay in cash. For many a paid off home also gives them peace of mind
Well, the issue is, if I pay off this house, I'd feel broke. It's all my money. I made it from stock.market gains over 5 years. Of course I'd have a small emergency fund, but just feels.wrong
The second issue is how expensive houses have become
Buy a house then. Simple
I visited tons of houses and don't like any. The one I did like is way out and close to 3. Just feesl.wrong to dump all my money into a house.
Why not. The house will continue to gain in value