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Author: inparadise Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 128123  
Subject: Re: Getting the financials ready... Date: 7/16/2014 9:45 PM
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Boston is a b!tch of a town to rent in, so I can understand your wish to rush things along. However, hasn't the real estate market been pretty hot in Boston? There is a lot of talk lately about housing cooling off, so think hard about simply toughing out the rentals for a bit and saving up more cash. I don't know enough about the local market, but simply googling Boston real estate market 2014 comes up with some dire predictions. I come from the Boston area and still have sibs there, who have gone through some interesting ups and downs in real estate value. Boston is not immune to cycles, in fact their cycles tend to be much more volatile.

Please think very hard before tapping your retirement accounts,(which I do realize you have not said you are going to do,) and realize that money you reallocate towards a down payment from monthly payments on retirement accounts are funds you will not be able to put into tax deferred status. Measure this against the tax benefits of having a home, and decide how important a home is to you, if it is your top priority. We really can't answer these questions for you. We also don't know what the stock is and can't give input as to whether it is better for you to blow off your retirement account savings to protect your company stock. Look at relative values. Look at diversification of assets, which is what you will be doing by investing in real estate.

Bottom line is, what you do is dependent on your priorities. Have you been qualified yet for a mortgage on a property of that level? That will tell you a lot about what you need to do.

Best of luck,

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