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Reply to "Should I gamble my home sales proceeds?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Primary residence? If so, no. What is the price of the new house you want? If you do an 80-10-10 putting down 10% that 140k can buy you a lot. Then you’ll have mortgage, not waste on rent and (hopefully) will start building equity. [/quote] $600k. I want to have low mortgage so I want to put as much as possible for down payment [/quote] Putting that money in the market with 2 yr horizon is the last thing you want to do. It’s beyond stupid if you are fixed on your timeline.[/quote] OP here. I agree with you I think it's indeed stupid. How about $70k in HYSA and $70k in VTI?[/quote] I think I’d hold money in HYSA until after I bought. Conventional thought is to keep money out of house so I’d put down the 10% to not pay PMI. With the remainder I would spread it over emergency funds, savings and investments (like VTI). [/quote]
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