You get 50k dollars tax free no catch what do you plan to do with it?

you are viewing a single comment's thread
view the rest of the comments
[–] 25 points 2 months ago (6 children)

I'm doing ok but 50k would let me put a down payment on a house which would still be life changing.

  • source
  • parent
  • hideshow 6 child comments
  • [–] 9 points 2 months ago (4 children)

    You're making me grapple with how expensive housing is here. A down payment for a two bedroom apartment in Brooklyn is going to be like $100-200k.

    It's fine, I tell myself. I can walk to everything I need and take transit to everything else.

  • source
  • parent
  • hideshow 4 child comments
  • [–] 5 points 2 months ago (2 children)

    If you're living in Brooklyn and not making six figures, you don't need to be living in Brooklyn.

  • source
  • parent
  • hideshow 2 child comments
  • [+] 2 points 2 months ago* (last edited 1 month ago) (2 children)
  • load more comments (-1 replies)
  • [–] 2 points 2 months ago

    Apartments here are ridiculous. I can get a home loan with payments half of a comparable apartment. Yes, I would be responsible for maintenance but I've owned before and it is still less expensive than renting even with maintenance.

  • source
  • parent