I was listening to blind and being conservative on what I could buy with my TC comfortably instead of stretching
Now I’m stuck with a house that’s good size now but feel small when kids are older. Yard is sufficient but could be bigger.
Now price is up, interest rate is up. I would never be able to save up for a second home that I could’ve stretched to buy instead.
Lesson: Always stretch and buy at the max the bank allows you! Nothing is ever too big
Want to see the real deal?
More inside scoop? View in App
More inside scoop? View in App
blind
SUPPORT
FOLLOW US
DOWNLOAD THE APP:
FOLLOWING
Industries
Job Groups
- Software Engineering
- Product Management
- Information Technology
- Data Science & Analytics
- Management Consulting
- Hardware Engineering
- Design
- Sales
- Security
- Investment Banking & Sell Side
- Marketing
- Private Equity & Buy Side
- Corporate Finance
- Supply Chain
- Business Development
- Human Resources
- Operations
- Legal
- Admin
- Customer Service
- Communications
Return to Office
Work From Home
COVID-19
Layoffs
Investments & Money
Work Visa
Housing
Referrals
Job Openings
Startups
Office Life
Mental Health
HR Issues
Blockchain & Crypto
Fitness & Nutrition
Health Care & Insurance
Travel
Tax
Hobbies & Entertainment
Working Parents
Food & Dining
IPO
Side Jobs
Show more
SUPPORT
FOLLOW US
DOWNLOAD THE APP:
comments
Nothing will ever be big enough. You decided to play it safe. Thats not unwise
Having said that, you could consider an expansion in the future, vertically or horizontally. May be better than trading up or may not be. But you still have options!
What if there is a recession? Or what if you lose your job?
Yes Scared Money do not make money in normal times but Stupid money also do not make money when shit hits the fan..
In a massive up market, yeah sure. In a flat market, you’d be house poor with massive buyer’s remorse.
Banks will lend people a crap-ton of money. They know you’ll move heaven and earth to pay the mortgage. It doesn’t mean you should abdicate your responsibility to think for your financial self.
Do some investment wisely.