Quote:
Originally Posted by hipster duck
A - Own your desired house, with no trade offs.
B1 - Own your desired house, but pay a mortgage slightly out of your means or make a trade-off (take in secondary suite renters)
B2 - Own a starter home that you don't really desire, as a trade-off for not going the B1 route
|
I'd say we're a blend of A and B2. Our house is really affordable, bought in 2018 and refinanced in 2021.
It's a great house, love the location and and the house what we've done to it.... BUT, we have a long term dream to have a house in the country with room for a shop, maybe a couple of animals.
But I don't think there would be any reasonable expectation of owning that
now. That is to say, we are in a "starter house", that we
do desire, because starter house is the phase we are in.