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re: In the market for a house...
Posted on 5/8/24 at 10:44 am to jlovel7
Posted on 5/8/24 at 10:44 am to jlovel7
I’ll also tell you a truth that most people don’t realize until it’s way too late.
Buy the most house you can AFFORD because you will get absolutely frickED if you have to move soon after you buy to accommodate a growing family.
Even if your house appreciates substantially, you will likely come out way behind after seller costs.
I know plenty of people who bought the 900 sqft starter home on the advice of their parents, only to lose their arse when they sold 2-3 years later because the house couldn’t support 2 more kids. And that was even with their house appreciating quite a bit.
In this environment, the old advice to buy a small/cheap house and then upgrade in <5 years is really really stupid. Buy something YOU CAN AFFORD that you can also grow into.
Buy the most house you can AFFORD because you will get absolutely frickED if you have to move soon after you buy to accommodate a growing family.
Even if your house appreciates substantially, you will likely come out way behind after seller costs.
I know plenty of people who bought the 900 sqft starter home on the advice of their parents, only to lose their arse when they sold 2-3 years later because the house couldn’t support 2 more kids. And that was even with their house appreciating quite a bit.
In this environment, the old advice to buy a small/cheap house and then upgrade in <5 years is really really stupid. Buy something YOU CAN AFFORD that you can also grow into.
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