Quote:
Originally Posted by ResoKP
Buying a house as soon as possible was a 10 years-ago argument, especially in a high COL area.
Just as an example, in my neighbourhood, 6 years ago, the average house price was around $800K. Now it's around $3.5-$4M.
OP is young and his biggest asset is time. As long as he invests $2K/month in his retirement fund for the next 30yrs, he can retire early at 55 with a $2.7M portfolio generating him $108K income @ 4% SWR.
OP should buy a house together with his spouse, after he gets married. Combine incomes for a higher leverage.
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Disagree on waiting to buy a home.
OP can borrow $$ toward RE purchase at record low interest rate levels. If/when he marries, then he has the option of selling an asset that should have appreciated, or they can live together in a house that has equity - valuable for a young married couple that plan to expand family, etc....
Home ownership is power....IMO, that's what OP should invest in...