Quote:
Originally Posted by ranchlandsselling
Why? What if you wanted to buy something and were expecting a substantial increase in pay. I bought when I could just affoard it and now it's pretty easy. Since I purchased almost 5 years ago my pay has increased 66% and I make additional earning on the side. If prices decline it impacts everyone (how much or if they care is another matter) who currently owns a house.
|
This is not a smart game plan most of the time. It's great that you got your raises and that you are comfortable, but what would happen if you weren't living in Alberta and your pay went the other way or you got layed off? I am just playing devils advocate, but why put yourself through the extra stress of it all when you could have simply bought the "dream" house down the road and had a larger downpayment having saved all that extra money?