Quote:
Originally Posted by PeanutButter
Dang, do people really have a three year timeline to upgrade???
My down payment and financial portfolio need at least 10 years before I can upgrade.
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We upgraded before our mortgage term was over, but it required a few things to happen: new jobs/promotions, favourable market timing, and flexibility in property type/age and location.
I get the sense that many millennials aren't really that flexible with respect to location and the type of property they're looking to upgrade to.