Reply to Is it dumb to put most of our savings into a house?

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[quote=Anonymous][quote=Anonymous]Thanks for all the advice.  I am a total idiot with financial planning, though not a big spender and never carry CC debt.  Part of the issue is that [b]we were living in a country with better retirement, cheap college, and free medical[/b], so the needs to save were different and the people we know also do not have big savings and put a lot into their homes.  I'm confused because we've talked to people who think it's crazy not to borrow as much as you can for a home because of the low rates.  With the real estate market being weird we are having trouble finding something in the 600 range that meets our needs and likes.  I guess the likes part we may need to adjust.  Just seems a shame to have made this chunk of money on real estate and still end up living in a house/area we don't very much like.  But maybe we just need to suck it up.  [/quote]

Why'd you move?  Can you move back?

I echo the PPs -- don't sink your money into a house, particularly one you don't plan to stay in for long. Max out retirement and put the rest into a target date fund. Buy a house when you have more money saved, when you love the place, and when you know you want to stay put for a long time.[/quote]

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