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Reply to "Is it dumb to put most of our savings into a house? "
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[quote=Anonymous]Put most in a house, but take a low mortgage. Get a house for under 6ook, put down 400k, and get a 15 year for the rest. That way, you can start beefing up retirement with savings from the rent and have no mortgage payment when it is time for college/retirement. There are better things to do, financially speaking, with the money, but you sounds very fiscally irresponsible, so this will likely be your best option. Whatever you do, don't both sink in the cash and get a big mortgage. That is just irresponsibly living beyond your means given that you have failed to save anything.[/quote]
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