I qualify for up to 850k at the absolute MAX and I am able to pick up a 4 bed 2 bath in the San Gabriel Valley. All my friends and family are here and I lived here my whole life. It has always been a dream for me to own but I am scared to pull the trigger. If I do I will essentially be house poor and shackled to this mortgage for the rest of my life.
My initial plan was to purchase enough rentals to help offset some of the mortgage of my future home in LA. I currently have 1 and I am looking for another but I feel like this plan can't catch up with how fast LA is appreciating.
My question is in the title. Should I just pull the trigger and buy in Los Angeles and give up on investing? Or do I keep investing for another few years hoping that I don't get priced out? Any advice is appreciated.
