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I have different view. I saw the houses are selling like piece of cakes in my neighborhood. I am not in a rich people area, just somewhere in Markham. Sometimes, you would not know it until you really participate.
Whether to buy it or not, it really depends on your personal affordability, if your cash inflow can balance your cash outflow, and after the down payment, you still have a year cash on hand for unexpected needs. I do not think you need to worry too much. As for a long term, for example, 20 years, I think the price will be much more than now. For a short term, no one will know what will happen, every expert is guessing only.
I can see there are many great experts are providing their expertise or sharing their experience here. Someone may get it, someone may not.
If buying a house may lead you develop a heart attack as there is so much stress, then you may not want to buy it, because nothing is more important than your health, people handle stress differently. |
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