Your "Young Money" is worth more than your "Old Money" because real estate costs less now than it will in the future. So as a result, getting into the market, even with CMHC Fees and future transfer taxes is always the better move.
In this video, Surrey Real Estate Agent, Steve Karrasch of Macdonald Realty, gives tow examples of how starting saving at 20 years old can have you in your forever home by 35-40 years old.
However, one of the scenarios is realistic and the other is the more common pipe dream that causes people to lose out on YEARS of equity growth.
Let us know about your young money and how it has helped grow your wealth through real estate (or other investing) in the comments below.
Don't miss our 1000 Subscriber Give Away
DOWNLOAD Our *FREE* Home Buyer's Guide
If you are looking for help or have any questions regarding real estate in Surrey, Metro Vancouver or the Fraser Valley, please reach out below using which ever way is most convenient.
book time with Steve
call or text: 604-549-5828
email: steve@krproperties.ca
In this video, Surrey Real Estate Agent, Steve Karrasch of Macdonald Realty, gives tow examples of how starting saving at 20 years old can have you in your forever home by 35-40 years old.
However, one of the scenarios is realistic and the other is the more common pipe dream that causes people to lose out on YEARS of equity growth.
Let us know about your young money and how it has helped grow your wealth through real estate (or other investing) in the comments below.
Don't miss our 1000 Subscriber Give Away
DOWNLOAD Our *FREE* Home Buyer's Guide
If you are looking for help or have any questions regarding real estate in Surrey, Metro Vancouver or the Fraser Valley, please reach out below using which ever way is most convenient.
book time with Steve
call or text: 604-549-5828
email: steve@krproperties.ca