Anonymous
08/05/2017 14:42
Subject: Which would have been better for you at age 27? $200k Small house, investment account, or cash?
200k small house/condo. Not having to pay rent would have been awesome.
Anonymous
08/05/2017 14:33
Subject: Re:Which would have been better for you at age 27? $200k Small house, investment account, or cash?
Anonymous wrote:
$200k down payment on a larger more practical house. Or setting up grandchildren's college funds.
This would be my preference. Not necessarily a larger house but a downpayment. My parents gave us $75K. At this point now that I have a child I'd rather it go into a college fund but my parents resent me not working so they will not do anything for my kids although they brag how much they do. (including birthday and holiday gifts).
I guess resentfulness runs in the family.
Anonymous
08/05/2017 13:46
Subject: Re:Which would have been better for you at age 27? $200k Small house, investment account, or cash?
House for sure. it's the kind of thing that will be remembered.
Anonymous
08/05/2017 12:34
Subject: Re:Which would have been better for you at age 27? $200k Small house, investment account, or cash?
Anonymous wrote:$200k down payment on a larger more practical house. Or setting up grandchildren's college funds.
This would be my preference. Not necessarily a larger house but a downpayment. My parents gave us $75K. At this point now that I have a child I'd rather it go into a college fund but my parents resent me not working so they will not do anything for my kids although they brag how much they do. (including birthday and holiday gifts).
Anonymous
08/05/2017 12:32
Subject: Which would have been better for you at age 27? $200k Small house, investment account, or cash?
I think the only concern with a house would be if your kids got divorced. Your SIL/DIL would walk away with half.
Anonymous
08/05/2017 12:29
Subject: Which would have been better for you at age 27? $200k Small house, investment account, or cash?
Well the house I bought for just under $400k when I was 27 was sold 3 years later for a bit over $600k. So I'd say the house.