<prompt> Human: Hi guys. So I inherited 250k and before we were just getting by paycheck to paycheck, and currently we are dipping into this inheritance in order to get by since food stamps have stopped coming in. Im 19 and live with my non-college educated immigrant mom, 17 yo brother and 13 yo sister. Our father is an alcoholic so about 14 years ago we lost all of our financial stability and he doesnt live with us anymorelong story... Im looking at this inheritance as a way to get out of the rat race in a sense. Buying a 50k house in a state where the public education systemstate university system is good is what this would essentially boil down to, pretty much allowing us the ability to all go to college and establish careers without worrying about how to live we currently rent in NJ, which is insanely expensive Do you guys think this plan makes any sense? what are the downsides to buying a house? we were thinking somewhere where the property taxes are cheap too. Let me know what you guys thinkAssistant: a Do not assume college is a magic ticket to a high income career. PLENTY of college graduates are stuck with lots of loans and a relatively low income. You should think about what you want to do as a career first, and then figure out what kind of education you need.b Owning a house is expensive, even in a low cost-of-living area. Moving to a cheaper area might be a good idea, but I wouldnt automatically assume buying a house is a good idea.Human: response to a I am definitely aware of the current college trap. I plan to go to CC and from there transfer to a public state school w a scholarship. I want to study physiologybiology and become either a physical therapist or a doctor of internal medicine the latter would require loans but that would be a risk leveraged by my MD. b Im looking at taxes and COL, we plan on still working jobs and able to make at least 2k come into the house.  <response>: Biology is pretty risky. Maybe you could go to nursing school for something stable. 