Quote:
Originally Posted by MarkyMark
Why don't I get in now? Cause I'm priced out of a house, duh. Just because I know a house that's 700k will most likely go up over the next 20 years doesn't mean I can afford a mortgage for 700k.
Sorry but it is luck. No one ever imagined prices would increase 30+% in a year. They might have knew it was a sound investment and wouldn't go underwater, but gaining 200+k in a year or two, get out of here.
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Have you spoken to a mortgage broker or financial planner about what you can actually afford? Have you and your partner had a conversation about what your needs really are versus wants? As others have said, owning is not a cakewalk and requires sacrifice. My parents sacrificed and your parents probably did as well. My wife's parents couldn't even afford to get birthday gifts for my wife's friends, so they had to save the gifts my wife received on birthday to re-gift in order to save face.
If you really, really want land and were willing to buy a house in Langley, what's stopping you from buying a house today in Abbotsford for 550-600K?