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Posted on 1/13/22 at 9:39 am to Oenophile Brah
quote:
What?
How would additional dead equity be a better way to avoid inflation than liquid funds?
The downvotes made me think about that, and I now see where I was wrong.
Posted on 1/13/22 at 10:51 am to jangalang
Being home poor is one of the least desirable financial outcomes one can be straddled with. Figure out what you think you can truly afford and then shave 50-100K off the purchase price. I'm a big believer in conservatism when is comes to identifying a house. This also means you should not tour houses in the upper strata...it can be difficult to move back down in your budget once you see what that extra 100K+ gets you.
Posted on 1/13/22 at 11:41 am to lynxcat
quote:
Being home poor is one of the least desirable financial outcomes one can be straddled with
100% agree. Literally makes one resent their home and resent any other spending that comes up.
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