Hi all! I appreciate the advice you all have given me previously on the forum, so here's my latest issue. I've just accepted a new job in FL (where I'm from originally) that provides a 10% raise over my current job (yay!). I'm excited to move back to my home state, especially since the area I'll move to has a lower COL than where I am now. Case in point, the condos/townhomes in FL that I'm checking out are about half of the price of condos/townhomes in NC!
I have my eye on a nice townhome listed at $72,000 in FL. I could put 40% down (about $29,000) and have still have about $10,000 in my money market account (which I have in addition to a Roth with $65,000 and 403b with $35,000). I'm nervous, though, about (a) spending so much when I'm used to NOT throwing money around and (b) seeing my nest egg go from $40,000 to $10,000. I seriously love seeing all of my money in my account - it makes me feel secure. Logically, I know it's better to have a $225/mo mortgage (with $175 HOA fee) than pay over $800 in rent and to pay off the mortgage in 5-6 years. I know! But I just can't shake these nerves! HELP!