#160: Should I buy a house now or wait?

Today, in an indirect continuation of episode 157, Josh and Amelie discuss what to think about when considering buying a house (or when coaching a client through the decision making process around buying a house!).

Top takeaways:

1. Don’t buy because you think interest rates will change–no one knows the future.
2. The number one thing to look at is lifestyle–what’s right for your family’s lifestyle, are you planning to stay where you are long-term or not, are you anticipating big changes in the near future, etc.
3. “Can I afford this change without sacrificing other, more important things in my budget?”
4. Having a lower down payment and paying PMI may work out in your favor mathematically rather than waiting until you have a 20% down payment.

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