I’m a single guy at 34 living in one of Canada’s most beautiful cities, Victoria. I have been fortunate to have saved CDN$150k as a down payment for a first time home purchase. I prequalify at a mortgage lender for approx a $460k loan.
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In Victoria,BC, this gets you an “alright” one bedroom apartment. I wouldn’t honestly want to spend much more than 400k anyways.
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I just got back from Merida, Mexico and saw that Airbnb’s go for CDN$2500 a month. I found a spot with a dilapidated house that is approx $140k, which I could outright buy. Their market has gone up pretty steady and so is their economy.
What would you do?!
Submitted March 17, 2024 at 03:08AM by gfirkser https://ift.tt/wV9y4xm
