We just moved into an apartment (rental) and have decided that we want to own a house. We're done with renting, we're tired of landlords (even great ones), we're tired of not knowing if the rent will go up, we're tired of not being able to fix things that don't need fixing, but really need updating.
So here is the situation:
About $90,000 combined income "guaranteed", and depending on what happens with the wife's job, could be as much as $110,000. We're playing with the lower number.
$25,000 in student loan debt--about a 6% hit.
$14,000 in taxable accounts (index funds for the most part)
$10,000 in cash
Other:
$50-$75k (not sure what the latest correction did to us) in retirement accounts that we're not touching
So with that layout, what would you be doing? Buying a house (and using the money in the taxable accounts and cash as a downpayment), or aggressively paying off the student loans? We'll probably have an additional $10,000 saved in a year.