@stephenfermoyle4578
June 24, 2024
we have all heard this story..a very long time ago...repeating does not produce results
Published on June 23, 2024Can the Average Gen Z afford a home?
In this episode, Sandra Pike and John Kenny share valuable insights on the current housing market challenges and opportunities for aspiring homeowners. They discuss the perception of homeownership being unattainable for the next generation and explore the expectations of buyers looking for their perfect home right away.
Discover the affordability landscape in Halifax, with 855 homes sold under $500k, including 82 mobile homes and 201 condos. Sandra and John provide expert advice on entering the market and building equity, as well as unconventional method...
What People Said About This?
How on earth does a family with combined income of $99k afford a $450k to $500k house? Is that before or after tax? If that is before tax you would struggle to qualify for $400k let alone actually being able afford the monthly cost of ownership.
Besides the limiting factor in most cases for first buyers is the 5% down. If you dont have $25k to put down you wont get approval for $500k anyway.