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I'm really torn right now. Prices in my area are dropping as I'd anticipated and have been waiting for, but I basically have a choice between dropping 6 figures on a down payment or dumping that 6 figures into an investment account.
It's so steep for a down payment even for an entry level payment that there are a lot of people I know opting to rent - long term - and invest, instead of purchasing a home here. Median price is ~$1.4 million, even with the prices dropping, so an entry level starter townhouse is still like $800k. I've got about $150k I can throw at either investing or the down payment - right now it's sitting in a high yield savings account.
Currently I have a 401k, Roth IRA, individual investment account, and a robinhood "play" investing account. I'm debating on talking to an actual wealth manager / financial advisor and just turning it over to them and being like "help me retire in 10 years."
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