Saturday, July 6, 2019

Get smart, get financial fit for basic needs

July 6, 2019

Introduction


It is my personal finance research. I went to visit an open house near King George skytrain station. The one bedroom condo is selling $288,000 dollars, and another unit same size is selling $399,000 Canadian dollars.

Case study


I learn that market price is so interesting and one owner just needs to sell as soon as possible. He does not like to wait a few months to get an offer.

I still cannot afford the place. The stress test does not allow me to borrow five time of my salary, I do not have over $100,000 dollars for the down payment.

I really do not like to live a condo isolated from neighbors. 26th floor, you cannot go to another floor since every floor needs the key to access.

The home address is 13696 100 Ave Surrey BC - Asking price $288,000.

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