I know I’m late in mentioning this but I was reading Brian’s (3Fs) post on him buying a new home with a lot of interest. It was posted last week but I found the timing interesting because my wife and I are thinking about buying a new home in the next few years.
Given that we just repriced our housing loan for a lower interest rate, we will be locked in for the next 2 years. Which works for us since we might be able to squeeze into our 2 bedroom apartment with a baby for a while but it’s not a long term solution. Especially if we want to have another kid and the helper living with us.
The considerations Brian outlined in his post are similar to the factors we are looking at too. Since he has done such a good job at summarising them, I’m going to
...