Quote Originally Posted by jut703 View Post
Best option would've been to buy a preselling condo many years ago, with turnover coinciding with your marriage year.

Since we can't turn back time, next best option is to rent for a year or two until you're liquid enough, and then plop down the cash (usually 20%) for a foreclosed or RFO unit and then loan the remainder.

Depending on how high you predict your income to be, you can even go straight to a house if you can afford it.

I would really avoid renting long-term since I've seen too many people get caught up in the cycle and before they noticed it they're in their 40s and 50s with no properties to their name.

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Waiting would be a good option. My concern is income doesn't rise as quickly as property prices. 😀 2 years ago 2 bedroom units pioneer area can be had for below 4m i think. Now they appreciated significantly. What more 3 years from now?

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