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)