We've been asked by many young professionals if they should be buying a house right now or waiting. Everybody should buy when they feel ready.
However, home affordability is at a 40 year low! Therefore, I decided to dig into my old valuation bag to predict how much I think housing prices are going to drop.
In September, I did a valuation and today I'm updating it based on current market conditions.
As a forshadowing, things are starting to look more affordable out there.
This was a back of the napkin type of valuation but will give us a good feel of what we can expect.
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