Quote:
Originally Posted by Cowboy89
How safe is having all of your net worth in a house?
I would rather have the affordable 300-400K house in my 30s and 40s with a large investment portfolio than a million dollar house. Seems to me it's dangerous and unnecessary to focus all attention on climbing the property ladder as a proxy for building diversified wealth.
|
oh that's fine too to have the 300-400K house into my 30s and 40s. nothing like a paid off house. I'm just countering the 20somethings who want the 500k+ mortgage right away.
I think in general, a person must be still ok if for some reason they lose their job (how ever they choose to store their money), not be living paycheque to paycheque with a lot of debt.