Reply to What a self made multiple millionaire would do in your shoes to increase your net worth.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Wow, OP this is cool of you. I am interested but wary of posting so much personal data. Maybe you can answer with some general comments based on the following. DH and I work in stable jobs making 225k combined. Have been contributing to 403b's and 529 for a few years, don't have enough cash for a 20% down payment where we would like to live, and would like to have a second child soon but feel like that will put us into the slog. No debt, but saving is slow. What should we do? [/quote]

OP here.  Buy with an FHA loan.  Rates are so historically low that not taking a loan now is in and of itself a major mistake.  i also believe that there will be very high inflation coming.  You need a major hedge.  If we get the type of inflation I expect and you have a fixed mortgage it will change your financial output for the rest of your life.  I am mistaken it will make minimal difference to you if I push you into buying now.  This is a good example of calculated risk.  The risk of not taking a fixed real estate loan now is way higher than the likely upside of taking one.

As I have urged other posters, please consider a multi unit to live in (DC has great houses with basement rentals).  Takoma Park, Hyattsville, and Arlington have some too.[/quote]
Hi OP thanks. This is good advice, that I hope we will take (it is what we have been talking about but we are wusses!).[/quote]

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