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re: Buying vs Renting .
Posted on 8/6/16 at 10:13 pm to BearCrocs
Posted on 8/6/16 at 10:13 pm to BearCrocs
Why so much cash and no retirement funds? If you can still bank $1,700/mo in savings and already have $48k after closing, I'd keep banking half, maybe less, and start investing in a Roth IRA and other retirement type accounts.
Only 'issue' I see is if appliances are original or not, and the roof- it could last another 15-20 years, or it could have to be replaced in 5 years.
Otherwise, if it's a stable or up & coming neighborhood, I think go for it.
Only 'issue' I see is if appliances are original or not, and the roof- it could last another 15-20 years, or it could have to be replaced in 5 years.
Otherwise, if it's a stable or up & coming neighborhood, I think go for it.
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