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Reply to "Life advice needed (and 300k investment question)"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]you will need a larger house I would use the 300k as a downpayment on a 600k house.[/quote] Worst suggestion possible. "Hey lock up all your money in a totally illiquid asset that will cost you at least $50,000 to get out of". How the fuck people who think like this aren't homeless is beyond me. [/quote] You can always down size later and she has a solid income. 4 kids in a 600k house is already going to be tight , any smaller and it works be debilitating[/quote] I don't see the income as guaranteed at all - what if the husband misses payments or loses his job or contests the amount later an wins? What if she loses her job? Etc. Kids are resilient - they can bunk if they have to. Different POV I guess. [/quote]
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