23 years old. I live in a HCOL area in California where house prices start at 1M+. I may be open to moving somewhere 1-2 hours away (500k+ houses) as long as I can still find a good job.
Current savings: 120k
Income after taxes: ~8k/month
Retirement: 1400
Rent + utilities: 770
Car payments + insurance + gas: 1000
Food: 280
Other expenses: 575
Leftover savings: ~4k/month
I have about 40k in a HYSA (I know it’s more than I need but I like to play it extra safe) and the rest in a brokerage account. Is it possible for me to buy a house any time in the next 10 years? Or would it be smarter to put my home buying plans on hold and invest more into my 401k (currently maxing out Roth IRA and HSA)?
