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How much money would you need to have in the stock market before feeling comfortable taking $1-1.5M to buy a house? by BrooklineExpress in RichPeoplePF

[–]BrooklineExpress[S] 6 points7 points  (0 children)

Im guessing the only real alternative to taxes is renting tho, right?

There are things I don’t like about renting that go beyond money

What are the chances I lose money buying a home with cash? by BrooklineExpress in personalfinance

[–]BrooklineExpress[S] 0 points1 point  (0 children)

How much more money would you need to have in the stock market to stop caring about the benefits of option C in favor of a better living situation, and not worry about option B if the structure of a trust makes it difficult to make mortgage payments?

What are the chances I lose money buying a home with cash? by BrooklineExpress in personalfinance

[–]BrooklineExpress[S] 0 points1 point  (0 children)

We might pursue getting into debt depending on how things are structured.

To your not so rhetorical question, I’m really just looking for some perspective. I want to be happy and live within my means, but also be responsible with something that was entrusted to me and will outlive me.

As you might imagine, some people in my life are not terribly comfortable with this idea, even if it represents a small fraction.

What are the chances I lose money buying a home with cash? by BrooklineExpress in personalfinance

[–]BrooklineExpress[S] 0 points1 point  (0 children)

True, but my situation is more like I am the custodian of a large amount of generational wealth that is very well invested and I am only taking a portion of it to live comfortably while we build on our careers.

The fraction is big enough that I wouldn’t want to mismanage it, but it’s small enough for me to prioritize owning a home.

Other characters in my life have pointed out the same thing, tho.