Do you think it's smarter to buy a smaller, slightly older house, by paying cash, or buy a newer, larger home, but taking out a $150k mortgage (more or less)?

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I personally wouldn't pay cash for a home. You can easily see a better return from index funds than you would in a home you're looking to live in (meaning you're probably going for what you want and not the bare need).

likefunny

It depends. If newer house built by illegals, then buy older house. More structurally sound.

likesmart

EY1 its clear what your intent is by illegals. theoretically a swedish can be illegal but practically and from what a normal person perceives its certain kind of ppl from certain countries. Associate 1 said even houses built by legals (white eg given by him) can be pathetic as well. dont have to see racism in that.

The first option

Newer doesn't mean better. Generally speaking, new construction can be really bad.

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