Quote (dirTyMan @ May 4 2021 10:13am)
Is it better to get in the market ASAP?
Seriously unsure of what to do.
I think I could probably get a down payment in the 400,000 range but then I’d probably have no extra funds.
Im tired of living at home, love my family, but my overall Freedom, especially Romaric wise is suffering.
Many 'experts' have been calling for the bubble to burst since expo 86. The lower mainland is so desirable to live and there is more demand than their is supply.
I don't see a huge crash ever occurring, even if interest rates go up considerably. Over time the value of your home will only go up as population grows.
If you can afford it somewhat comfortably I would go for it. Even if you can keep saving up living at home there is a chance you will not be able to save fast enough to keep up with rising property values.
Either that or just go hard in the stock market. When you are younger you can take a reasonable amount of risk and you will have a solid return if your time period is 5+ years.
Good for you for not just blowing your disposable income.
This post was edited by Killingyouall on May 4 2021 09:21pm