Asspear
Bronze
- Joined
- Oct 11, 2023
- Posts
- 272
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Canada in a MCOL to HCOL area, in the semi-rural outskirts of the city. I didn't like buy the place in cash or anything lol - I have a mortgage. The price was around $400K and I put a 20% down payment with the rest going to mortgage - interest rate is about 4.5% 2 year fixed, which sucks compared to a few years ago, but is definitely better than the rates today. It's about a 30 min drive to the city center from where I'm at. It's a 3 bed 2 bath which is more room than I even need tbh.where do you live? most of us "in the west" need close to 1 mill for a house at this point......its over lol
If I was living in a HCOL area like LA or New York or Vancouver or something I'd never be able to do it - though in those places it probably makes more financial sense to rent anyway unless you plan on living there forever.