☝️I think the market is high
☝️Renting allows me flexibility
☝️Renting takes away pressure while looking for a property I really want
☝️I think the market is high (worth saying 2X)
*//thread//*
A few facts scare me about the housing market.
• There are currently more realtors than homes on the market
• Foreclosures and properties are being held off the market due to mortgage/rent relief
• Home prices were rising as high as 13%+ a year from bidding wars
⬇️
People are feeling pressure to buy NOW, or risk losing out on current prices and getting locked out.
They’re rushing off to lock into a mortgage far and above what they originally expected to pay just a year or two ago.
I don’t want to be rushing into a $300k+ decision.
▪️401k (4% company match)
▪️Roth IRA max ($6000)
▪️HSA max ($3500)
▪️Gold 5%
▪️Bitcoin 3%
▪️Remaining goes to after-tax brokerage where I split 50/50 ETFs/Individual Companies
Savings rate: 50-60% (this gives me a lot of options)
👇🏻
A few other stats:
▪️I do not use DRIP (automatic dividend reinvestment)
▪️My 401k/ROTH are set up with about a 60/40 split US/International total stock funds
▪️ETFs — I favor the lowest expense ratio option when available
▪️Favorite ETFs: $VTI, $VOO, $VXUS, $ICLN, $VGT