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Should I buy a house now or wait?
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May 11th, 2013
I have enough money to buy a house now, but if I wait a year or two, I’ll have an additional $100k that I could apply toward the purchase.
If I buy now, my monthly mortgage will be about $200 a month more, and I can eventually use the future funds for emergencies, auto purchase, etc. If I wait, the additional funds will be put into the house, leaving me with no cushion money.
Any suggestions?
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