I’m so opinionated about real estate, sorry. And here I am in the midst of another real estate deal, one that so far is nothing but annoying.
I agree with the other posters that saving is crucial. Even in cheap markets, the bigger your down payment, the better you’ll do.
I disagree about multigenerational households. I think they work for some people and not for others. I grew up in a multigenerational household and still remember very well how miserable it could make my mom. I’m old, retired, and widowed; I live alone and LOVE and appreciate my living circumstances every single day. DD and her friends think it’s hilarious that this is the first time in my life I’ve lived alone (and they all cheer me on).
My best real estate advice: location. Buy the crappiest, cheapest house/condo/townhouse in the BEST location. You won’t be sorry.
I might have more advice if you’re interested.
