The REAL Reason You SHOULD NOT Buy a Home

[@cherylmckelvey9816]

All true. Especially the part about maintenance... every year, the homeowner should count on paying a few thousand for repairs or replacement...hot water heaters, roof, gutters, steps and exposed portions that develop dryrot, appliances that break. Also, if you want curb appeal (it matters when you sell) count on paying for lawn care, shrubs, power washing). And plan on losing hald your weekends to maintenance. One more that you mentioned that is sure correct is to plan on a buffer - interest rate changes to the upside after your mortgage term ends, or if you are in a variable mortgage. You don't want to be in the position of being forced to sell. And don't forget heating costs and taxes and house insurance - if you have those costs included in your rent, it's a financial shock to be faced with them.

[@cptstubing]

I think this is geared more toward FTHBs, who I agree, should not try to buy a home right now with these silly prices. Even rural cottages in Nova Scotia have no business being anywhere close to the ridiculous prices that are approaching or beyond half a million dollars. If a FTHB is going to try to jump in, they should look at properties that are on the market for over 15 days. Properties on the market that long without going pending have no interest. Go in with a critical eye, lots of conditions, and make a reasonable but "reality check" inducing, BELOW ASKING offer.

[@natakostenko4419]

"because your parents / other family members told you it's time to buy a house" is probably another one.

[@harmanveersaroya3065]

All theory and didatic style I follow u to get market insight Did not this video