Jake

Hi, thanks for taking my call. I'll get right to the point. I live in an expensive city, and my question is regarding buying a home. Am I better off liquidating my brokerage accounts to put down a down payment? Or should I aim for the, you know, I know Mr. Ramsey talks about, you know, 15-year mortgage, 25% of my income, which would be a very, very, not a very good place where I live. Okay.

So the question is, you know, do I save up and hope that I can save up to buy a home cash? Do I liquidate these brokerage accounts that I've saved up over my years? I'm almost 50 years old, by the way.

So the question is, you know, do I save up and hope that I can save up to buy a home cash? Do I liquidate these brokerage accounts that I've saved up over my years? I'm almost 50 years old, by the way.

So the question is, you know, do I save up and hope that I can save up to buy a home cash? Do I liquidate these brokerage accounts that I've saved up over my years? I'm almost 50 years old, by the way.

Yeah. So, I mean, I'm in a good financial situation. The houses I'm looking at are probably in the 1 to 1.5 billion range. And the reason why I can't, I would love to move out rural, but, you know, I have a special needs child. All the resources and the schools are in the city. It's just not realistic to have to drive, you know, 45 minutes or to have my kid wake up early. Sure.

Yeah. So, I mean, I'm in a good financial situation. The houses I'm looking at are probably in the 1 to 1.5 billion range. And the reason why I can't, I would love to move out rural, but, you know, I have a special needs child. All the resources and the schools are in the city. It's just not realistic to have to drive, you know, 45 minutes or to have my kid wake up early. Sure.

Yeah. So, I mean, I'm in a good financial situation. The houses I'm looking at are probably in the 1 to 1.5 billion range. And the reason why I can't, I would love to move out rural, but, you know, I have a special needs child. All the resources and the schools are in the city. It's just not realistic to have to drive, you know, 45 minutes or to have my kid wake up early. Sure.

And we can't make a lot of business, you know, appointments that are in business hours. So, I'm kind of stuck in this range I'm renting right now. So yeah, that's the kind of range I'm at, the one to 1.5 million.

And we can't make a lot of business, you know, appointments that are in business hours. So, I'm kind of stuck in this range I'm renting right now. So yeah, that's the kind of range I'm at, the one to 1.5 million.

And we can't make a lot of business, you know, appointments that are in business hours. So, I'm kind of stuck in this range I'm renting right now. So yeah, that's the kind of range I'm at, the one to 1.5 million.

No, this is just lifetime. It was just for savings and to add on to retirement.

No, this is just lifetime. It was just for savings and to add on to retirement.

No, this is just lifetime. It was just for savings and to add on to retirement.

Yes. I sold my old home to move to the city. We recently moved here. So that's why I'm asking this question now at my age.

Yes. I sold my old home to move to the city. We recently moved here. So that's why I'm asking this question now at my age.

Yes. I sold my old home to move to the city. We recently moved here. So that's why I'm asking this question now at my age.

I took that money, about $250,000. I put that in a high yield savings, you know, four point something percent, you know.

I took that money, about $250,000. I put that in a high yield savings, you know, four point something percent, you know.

I took that money, about $250,000. I put that in a high yield savings, you know, four point something percent, you know.

No, that's it. That's it. So, yeah.