Yup. Leverage via banks is key. They drive the economy.

Take advantage of low interest rates while you can. Condos have good deals where you can put 20% down spread over three years and then can get a bank loan for the next 80% after that. This plays into the fact that you know (or are confident ) you will be earning more in three years time and hence can afford the amortization fees then.

Its a bit trickier for land as you normally have to pay for it in full . Bank financing helps but your stuck with the full amortization from day one. Nevertheless this is the route i took myself. Never regretted it.

Look around, there are some developers who sell house and lots or even just lots with longer downpayment terms.


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