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Reply to "Sold our out of state house!!!"
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[quote=Anonymous]FINALLY!!! We moved from CA 2.5 years ago and were unable to sell our old house. We did rent it out but for a loss of almost 2k a month. It finally just sold and we are so happy. We didn't make any money off of it but are excited to just be done with it. I feel like this huge burden has been lifted. Anyways, for the last 2.5 years we have been renting and would like to buy a house out here-- of course we have no down payment though. However, in order to cover the loss each month from the rental we stopped contributing to our 529s (though we continue to max out retirement). Each kid only has about 15k in their 529 with the oldest being in 5th grade. I am confused as to what to do. Save for down payment or save for college. Our rental is stable and we have 2 more years on it. If we get our act together I could see us getting a big chunk together for a down payment. But then we wouldn't be putting anything into 529s. Thoughts? [/quote]
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