I [34] no longer want to own a home. What to do with the house fund i had been saving for?
I [34] no longer want to own a home. What to do with the house fund i had been saving for?
Just updated my numbers and stuck on next steps. I don’t think I’ll really be able to own a home that I actually want here. VHCOL and fire insurance (yay California). And i don’t like the maintenance aspect.
- Emergency fund: $60k in HYSA (9-12months if i got a roommate)
- House fun: $175k (HYSA & CDs)
- brokerage accounts: $35k
- Retirement: $450k
I got a big jump in salary last year (from 150 to 225k+9% bonus) and I’m likely to add $100k savings to house / brokerage in 2026. Retirement will get max 401k/IRA contributions.
I’ve tried to hit at least once new account bonus for the house/ emergency funds for some added cash, but they’re really just sitting there. Renting is significantly cheaper than buying in my area. For example, buying a condo in the building I’m in would increase monthly costs from $3.5k to over $7.5k. It just doesn’t make sense economically and all of the maintenance my family/friends have had to do on homes sounds way too stressful.
I’m open to kids in the future, but i don’t know if in the cards. I’m exhausted most days without them and I enjoy just being an aunt.
Is it bad to just throw all of it in brokerage— should i do more spaced out? Like transitioning $10k/month over the next year along with month contributions from salary.
TLDR: I think I’m preferring renting over buying, what should i realistically do with the current house fund?
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