- Feb 10, 2021
I am 24. Where I live, real-estate prices are going off the charts. Should I try to get in the game as fast as possible on a "starter" home, possibly rent it out for 6 months and live in it for the other 6, for it to qualify as my permanent residence and save on taxes? Or should I just rent and use the money on something else? There are so many rich immigrants that come to live here, and foreign investors that invest on speculation because of this phenomenon that the houses keep climbing in price. The government just put in place laws to prevent non-residents from investing in real-estate because of it. But the high prices also means that getting my foot in the door of the real-estate market is going to take longer, even for a "starter" home.
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