A house, huh? That probably would be better. I really want something on the beach though and I don't know if I can afford a house there. I can afford the beach condo.
I have this inheritance from my Grandparents and I need to decide whether I want to invest it in mutual funds or something like that or buy real estate. Do you know if there's a capital gains tax enacted right now?
Honestly, I don't know. If you have a 401k through your job, you may want to call whoever handles it for you and ask them some questions. Or, if you know someone who knows finances and whom you trust, you could pick their brain. That's how I started the house hunting process - I got my financial ducks in a row. The best thing you can do is to figure out EXACTLY what you want in your new home (you want beachfront property, I wanted a home big enough to give my gal and I a spare bedroom for guests and an office for us, for example), do the previously mentioned research, and look at both condo and home prices. You might be surprised.
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