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[quote=Anonymous]Given your cash position, why don’t you just buy a home right now and rent it out? You’ll want the home when the kids are bigger….thats when you actually need the space.

The upside to renting it out is that everything related to the house becomes a tax deduction against the rental income: all the interest, all the property taxes (no $10K SALT limit), and improvements to the property, landscaping, etc.

If the issue is that you’re worried about “throwing money away” and not building equity, then buy an investment property and have someone do it for you for the next 5-7 years.

You may look at $8K/month in rent as a “waste,” but what you are actually doing is buying time. And time is incredibly valuable and in short supply when you have young kids who are not self-sufficient and rely on you for entertainment.

My oldest is 4.5 and only now will he do an activity for 25-30 minutes by himself without needing me nearby. Before this? I needed to be actively engaged, ensuring he didn’t hurt himself, keeping him entertained, etc. It’s absolutely a huge drag on your personal time + running a home to have to be constantly engaged with your young kid. Anything you can do to buy yourself more time and minimize non-kid hassles and obligations is worth the price. [/quote]

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