I am in my early 40's and have about $300K invested and some in cash. I have $70K in credit card debt (no lavish lifestyle, just 2 bouts of unemployment and some major medical expenses, even after insurance).
I live below my means, LCOL city, used car, max my 401K, save my bonuses, etc.
I am going to get a large bonus where after tax, I'll get a couple hundred thousand.
Should I prioritize pay off all credit cards or pay down half/some of the cards and use the rest for a house down payment?
Pro
Filter your area on StreetEasy, sort lowest to highest price, use that low point as a metric. @McKinsey $2K for a studio is pretty average, you can get much lower.
It really depends on the starting point.
I’d say ~~2000 for a studio, 2500 for a 1bed, ~3500 for a 2bed in Manhattan is aggressive but not insulting.
Mines normally 2,275 for a 1BR in east village. Saw someone get a unit in my building for 1900 so that’s my new ceiling here
I received at least a counteroffer for every offer discounted up to 40%. Above that, no response