Reply to Would you buy a house at 50?

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[quote=Anonymous][quote=Anonymous]We sold our when we divorced 5 years. And since I have been renting. I am thinking about buying a home again at 50. I will put 50% down. 529, 401ks, Taxable etc are fullly funded.

Would you buy a house at 50?[/quote]

Why don't you give us the exact numbers for a home you'd like to buy versus how much this home would rent or similar home nearby.
I'm a happy renter for now. After doing the math in my location with available homes,  I can tell you that I have no business buying a home ever. This is purely considering math and other options for that money. Feelings are a different story and should be given some weight.
If I were to pay rent for 30 years, I could buy the home I rent cash, the home next door cash, and have money left over. Buying my home cash now, would even be a worse mistake money-wise. 
Someone who has OP's money, will not have to worry about being homeless, so let's stop scaring people. Perhaps homeowners need to worry about being homeless due to mistakes in title, identity death, increased insurance rates, missing mortgage payment, taxes, HOA, or mold rendering the place unlivable.

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