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Reply to "Stocks, rental property, or upgrade house?"
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[quote=Anonymous]TIA. In 2019, our HHI was just over 200k. We max out our 401ks and put 8k/yr into DC's 529. Due to some job changes in the past couple years, we are now making 350K. But we haven't spent more, so this extra money is just sitting there. What's the best way to invest this money for ~10years? Our known options are putting it into an ETF and hoping that we are near the bottom of the bear market, buying a condo/townhouse and renting it out, or selling our house and buying something about ~500k more. For the last option, our house was bought for 700k in 2017 @3% interest and is now worth $1M+. If we upgrade now, our 500k capital tax deduction would reset, so that is a plus. Any opinions on those three options (or other ones I'm not thinking of?) TIA[/quote]
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