If you are trying to buy your first home right now, you are probably not having a great time. Mortgage rates are low, but buying a home has rarely been more difficult, especially for first-time buyers. Low inventory and high demand has caused home prices to skyrocket over the last year and a half, frustrating buyers and causing more investors to enter the market. Why is it so hard to buy a home and how can you make it easier?
Great write up, really interesting. Just curious, why is the 25% rule based on your gross income-shouldn’t it be after tax? Since we pay for majority of house costs with after tax dollars (excluding mortgage interest)
How To Buy Your First Home the Right Way
Great write up, really interesting. Just curious, why is the 25% rule based on your gross income-shouldn’t it be after tax? Since we pay for majority of house costs with after tax dollars (excluding mortgage interest)