Aggressive investing versus buying a home
I recently turned 30 and have a baby on the way. We are super excited and while our one bedroom apartment will do just fine in the early years I am trying to convince myself that a home is a smart purchase
We live in a very high cost of living area where house are still going for over $100k asking, cash and taxes are $10k+ a year.
Our area start homes start at $600k. Moving further is not an option because of work commutes and future child care etc.
We currently have $600k invested across retirement and invidious brokerages accounts with about $150k cash intended for a down payment.
Since we’re so young, and the average first time home buyer in the country is 40 years old, I’d rather continue investing in the market and save up for a bigger down payment to eventually get an affordable mortgage.
My job is not stable (work in tech) and my wife is a teacher.
Wondering if younger folks are prioritizing investments versus home ownership