All right, next up, we're going to talk about buying a house.

All right, next up, we're going to talk about buying a house.

People love, they want to know, they want to know

how to buy a house, how to do real estate.

The question is from Shill Billy.

And the question is, with mortgage interest rates approaching 8%, does it make more sense to put as much down as possible and driving down the principle instead of investing in a brokerage.

What do you think?

Well, wait a minute, this is a one question.

I don't know if it's in either or, but I can give some clarification

and let Bo give even more detail is that realize that there's multiple

steps that that she'll Billy just feel ridiculous even saying that. There's emergency reserves, which is, you know, because that's when you're figuring out down payment,

you not only have the down payment, but you have to make sure that you don't exhaust your emergency reserves at three to six months.

And then when you're talking about doing after-tax accounts, like savings and investment accounts,

that's really a step seven of the financial order of operations situation.

So I think I'll speak in broad terms and then let Bo put the details.

I think when interest, when you see mortgage interest rates close to 8%

Obviously a bigger down payment is better, but you've got to make sure you're not

squandering the opportunities of step four your emergency reserves,

steps five and step six of the financial order operations,

because like I said, it's a step seven

when you're taking away from an investing in an after tax account.

Yeah, this one is a really, really hard one where I'm going to argue that general rules of thumb are more difficult to apply

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