My wife and I are both "middle income" physicians, who currently have jobs in a place where we want to work for an intermediate term (3-5 years to fulfill visa requirements). We work in a small town, and the housing market here has been in what seems to be a perpetual lull. Therefore, I am quite skeptical in buying a house - I am concerned that a property which interests us, may not sell off easily when the time comes. We're renting at the moment.
1. What are the pros and cons of planning a future primary residence purchase with cash?
2. What vehicle would you consider to save money for such a purpose? I have noted that Johanna has suggested high quality corporate bonds, but with the rising Fed rate anticipated (3 times in 2017, per reports), I am concerned if this would be a bad time to enter the bond market.
1. What are the pros and cons of planning a future primary residence purchase with cash?
2. What vehicle would you consider to save money for such a purpose? I have noted that Johanna has suggested high quality corporate bonds, but with the rising Fed rate anticipated (3 times in 2017, per reports), I am concerned if this would be a bad time to enter the bond market.
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