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He cashed out on his CA home, and re-lo'd for a new job in an area where homes are more affordable
6 years before moving again? Should consider renting, especially if it's just the two of them. A comfortable low to no maintenance apartment. The right portfolio will do much more than pay the rent.
I am siding with him. I think it would be great to get the mortgage monkey of your back. But I can also appreciate his wife's POV considering how equities are doing.
What do the Patnet brains think? Pay in cash or finance?