Is there a point in buying a primary residence right now?
The story is quite different now. With the new sold info released, I see significant drops in prices all across the board.
I do see something right now that is within my tolerable price expectation. I would like to see others' opinions on whether or not it makes sense to purchase now (the last month before the new mortgage stress test kicks in) considering:
- I am not looking for an investment. I am looking for a primary residence to replace the rental I'm in right now.
- The new stress test won't affect me (already went through the numbers with a number of lenders/brokers).