First off this sub Reddit is awesome, very supportive community. These last few months have been filled with excitement, stress, very very careful budget planning, purchase price vs down payment sensitivity analysis and a lot of back and forth between fear and inspiration.
However, I have been saving and investing hard these last 5 years and was concerned about giving such a big down payment and letting go of my hard earned money.
With the entire market expecting a house crash and blah blah blah, I decided that there is no better time than to buy a house for personal reasons, for my little family and I (of course living in California it seems prices will continue to rise).
With 5% Down, cutting down and making a few sacrifices in the next year or so, I get to keep a good chunk of my investments so I don’t lose my yearly gains while living in our first home in California.
Also note, I am doing this with my wife which is tremendously helpful. So I encourage anyone with partners to not fear as it takes diligence and a bit of sacrifice between each other to get something you both dream of. If you’re doing this alone, it might take twice the sacrifice and the aggressiveness in California so I wish you good luck.
Any who thanks real estate community for the awesome questions and comments.