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Money and Finances
Reply to "Ivy League grad, still renting an apt. age 70"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Biology major, worked in a hospital lab, inherited $600,000 10 years ago and spent the money on life expenses rather than a house. Anyone in similar situations?[/quote] OP what are your expenses? Have you run through the entire $600K? [/quote] In the world of trust funds $600K isn’t exactly going to get you off the hook on retirement savings or even a SFH in this area.[/quote] ??????? In what world is $600K not enough to buy a home outright? You could easily buy a single family house for $600K today, and 10 years ago it was even easier. I bought my house nine years ago for $650K. We looked at many houses for under $600K. OP has been living in an apartment this whole time, he or she could have also easily bought a nice condo for $200-300K and invested the rest of the inheritance. [/quote]
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