Quote:
Originally Posted by MarkyMark
I agree prices will likely remain unaffordable. Nothing is impossible though. If you bought your place for 1 million 3 years ago and someone told you that your place would go up 150% in 3 years I doubt you would have believed that could ever happen either.
It would take some major shit to happen to crumble like that but I wouldn't call it impossible.
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thats the problem nowadays. When purchasing a home, everyone is listening to so much bullshit on the news, from friends that are scared to buy, bubble bursting, foreign money etc etc.
We bought because we needed a place to live, not to make 150% on it. If I knew the prices would skyrocket, I would have bought 10 places. Our house is not an investment so don't look and treat it like one but obviously live within your means and if you afford it, why not? It's a bonus that housing goes up when we decide to sell. The moment we decide to sell, we'll look at it from an investment point of view
If your waiting for the market to crumble, you might as well play the lotto, the odds are about the same