Hey all, I live in a high cost of living area with super high property tax and have been saving for a home. Realistically, to keep monthlies affordable I have to pay over half the house in a down payment!
Everything screams that inflations is going to skyrocket again, how do I protect a sizable down payment from inflation while managing the risk of a recession?
Down payment is currently earning 3.7% in a HYSA. I wouldn't mind investments that just follow the inflation rate and don't "make money". I'm just trying to keep this fund stable and not lose out like I did from 2021-2023. Realistically, I'm forecasting buying a house within 2 years, with a long forecast of 4 years so unfortunatly I can't lock in TIPS.