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Navigating Home Buying in NYC
This chapter addresses the financial implications of cashing out ETFs and mutual funds to secure a down payment on a home in New York City. The hosts explore the complexities of moving to a larger home while balancing family needs and financial strategies, emphasizing the price-to-rent ratio as a critical decision-making tool. They discuss the broader financial landscape, stressing the importance of long-term planning and evaluating the total cost of homeownership beyond just mortgage affordability.