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Invest or buy a home cash?

I am getting a Workers Comp. settlement of about $150,000.00 clear to me in a couple months. I am paying off $10,000 in credit card debt immediately which will leave me $140,000. Am I better off buying a small house or town home CASH or invest it and keep paying $1200 a month rent. Our combined income is about $88,000 a year. I'm 56 and my wife is 40. Our retirement funds were all but wiped out in the crash.


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