**edit -> How much cash should one have on hand?**
…
We are in the very early stages of planning a purchase. With used-purchases, I have seen that 10-20% for a downpayment is standard.
So is that 15-25% including closing costs? I am starting to think I might need to build our 500-man cash savings to around 1000 before we start seriously looking. I, however, hate keeping large amounts of uninvested cash.
(Late 30s. PR. Japanese Spouse, 2 kids).
(Area – South-Eastern Tokyo/North-Eastern Kanagawa,)
Plan -> Buy used and reform.
Cash position – 500万
Investment (not including Kids funds) – 3000万ish
by Choice_Vegetable557