Re: ZOMG I JUST BOUGHT A HOUSE
[ QUOTE ]
[ QUOTE ]
oh yeah and congrats. I'm looking at buying a house in the next 2 - 3 years. Want to save up a nice big downpayment.
[/ QUOTE ]
don't bother. 80/20 and use that saved money to buy furniture and home improvement stuff
[/ QUOTE ]
nooooooooo
I don't want to get deep into a financial discussion here, but do NOT leverage yourself with a 100% mortgage at the start of a bear market. That would be BAD. If you can't afford a down payment, you don't really need a home anyway.. rent an equivalent house.
(US-only.. I know nothing about the Candadian housing market)
|