I believe job is stable. I know tech industry things can happen anytime, but I don't see anything drastic happening. fingers crossed.How stable is your job?
What are the total carrying cost of house including insurance which is soaring in some places due to fire and flood threats?
Is there no rental alternative?
How long would you stay in the home? It might be hard to resell if mortgage rates stay high.
Would I do it? Only if I felt there was no alternative.
I edited OP to include property tax and insurance estimate.
As for alternative, as I said in OP, the alternative is to do nothing. Stay where we are, stash the windfall money in the Vanguard taxable and move on with life. And keeping grinding away on the commute.
There is also the alternative of getting a cheaper home. After having looked in this market, I'd say a suitable home will be at least $1.6-$1.7MM anyway, it is just the way the market is right now. Also these homes in this area is not some grand super fancy mcmansion. We're just talking about regular 3 or 4 BD 2300 sqft homes.
Statistics: Posted by senselessinvestor — Sun Jun 30, 2024 2:14 pm