Reply to 44, I don’t own a house but kids are in private and college is paid for…

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Did/do you use your expendable cash to buy bitcoin? Did you invest in Apple in 1999? How does your retirement look? How much is in savings? What type of rental are you in? Condo, rowhome, rancher, cape cod, garden apartment, basement, single family, boathouse.

Just curious. [/quote]

I wouldn't buy Bitcoin with your money, I bought Netflix in 2003, my retirement is pretty good—wife's is a bit fuller, but we max out contributions to 401k. We rent a three bedroom house in upper NW and have savings to cover 18 months rent. Truthfully we are slowly stashing away money for a downpayment, but prices are rising faster than our savings and we prioritize our kid's education and retirement.[/quote]

The obvious reason that you can do this without worrying is because you will inherit a house eventually (you believe).

Most people buy earlier so that they can pay off their mortgage before they retire, so they don't have that burden when they don't have an income anymore.

That's "why most people don't do this."

Tbh we could -- both my husband and I will likely inherit a house each and a bunch of money eventually. But it sounds deeply stressful to count on that happening. We got very lucky and bought a 4 bedroom house in DC for $400,000, will be paid off in our 50s, and it has a rental unit that we could rent out whenever we need some cash flow.

The inheritances will probably end up going to make our kids lives better, not ours.[/quote]

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