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Divorce finalized last year.
House/Home of 20 years sold and profits evenly distributed to both. No kids, no child support but Alimony for 10 years or until she remarries.
After paying off all credit card debt, I am left with an approx. 50k savings nest egg and a personal car payment. Live in Apartment in a high housing price area.
I am resigned to working until I pass away (family has historical cap at lifespan around 70 y/o) so retirement is not really an issue. I have a smallish 401k account that I'll probably cash out late in life and blow on a last-chance bucket list item or something similar.
My question is: should I even bother with home ownership now, and keep that nest egg sitting in a relatively high-interest account to support me in the years ahead? My current income affords me a nice amount for an apartment in my area, and I work in an industry that's still old-school enough that I could securely work here for the rest of my life if I wanted.
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- 10 months ago
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