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We live in California where $1 million gets you a fixer-upper. Should we stop investing $5,000 a month and buy a home instead?

We live in California where $1 million gets you a fixer-upper. Should we stop investing $5,000 a month and buy a home instead?

‘Would we be better served to continue putting $5,000 or more into stocks each month, buy a rental property in another state where the market is great?’

My wife and I are in our mid-30s and live in Southern California and have a combined income of about $350,000. We currently invest $5,000 a month into index funds and ETFs. We have recently begun to look at homes as our rental costs about $4,500 per month. However, for even $1 million in our area, you will get a fixer-upper that is over 60 years old, which is undesirable to us. Lees verder