I have $100K after selling my house. Should I buy another house or invest the money?
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Q. I am 40 years old with 1 child in college 16 yrs old. I have $100,000 after selling my house. I work 4 days per week and earn 616.00 gross should I buy back into the market or am I better of to invest my money and rent.
Josie’s answer: Good question and would love to have a crystal ball. There is so much talk that the property will stagnate in the next year or two, and of course it depends on where you plan to buy (some areas seem to be doing OK).
From a purely numbers perspective, there is plenty of research to suggest people are better off renting than buying, but only if they invest the difference.
Most of us don’t have the discipline to do this.
From my perspective, I prefer to be a home owner as it gives me a sense of security. I hate the idea of a landlord telling me what I can or can’t do, Read more
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