Is 2024 The Year to Get Into my First Property? First Time Investor!

[Graeme Harris]

So we've been in our education phase for quite a while and have been saving up money to purchase our first house hack. Me and my wife have saved a sizeable down payment and have a little money set aside for business emergencies as well. But with mortgage rates the way they are and with inflation high do you guys think its a good time to buy? or just keep holding out and saving? 

Any tips for a first time house hacker?

[Alex Hunt]

Absolutely, it's a favorable time to buy given the current mortgage rates. 

Moreover, waiting for rates to lower further might not necessarily translate into better deals. In fact, when rates decrease, it often stimulates increased demand for homes as more buyers enter the market to take advantage of the lower borrowing costs. This heightened competition can drive home prices up, potentially offsetting any savings gained from lower rates.

Let me know if youd like me to crunch some numbers. 
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