this has been discussed quite a bit, but 6 months isn’t enough in reserves in this type of economy, what happens if there’s unforeseen expenses. if the economy continues to tank and you lose your job, it may take a lot longer than 6 months to find a job and you’ll be paying the exorbitant costs of cobra. since you have a family, its not like you can just run out of cash and go crash on a buddies couch. you should have at minimum 1-1.5 yrs in reserves if not more.
it doesn’t sound like a good move to buy when you have little in cash reserves and job uncertainty.
