I want to buy a house but only make about 45k a year right now . In order to purchase a home I have to rely on my savings to put down about 50%. I've saved alot over the last 6 years but with homes skyrocketing it's always out of reach. I live an hour outside of Toronto.
Ive kept my money out of the market because we have all been told not to risk money you need in 5 years but it hurts too see a huge pile of money do nothing for years hoping the housing market will atleast level off so I can catch up.
Or maybe a property will pop up I can grab with my budget. I can probably afford a 300k home max. Which I cannot find in southern Ontario.
I can invest my money and then have the market crash , which will also drop the housing market possibly but then I won't have as much money to use because my investments tanked too , so zero sum game .
Submitted September 29, 2021 at 08:04AM by last-resort-4-a-gf https://ift.tt/3CUuXwh
