So is it advisable for all those looking into getting in the market to have 1yr+ of cash reserves?
How many people have the kind of cash after 20% down+closing costs? lol
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Well not many but if that was the golden rule about buying then prices would be much lower and people would not think of home ownership as an entitlement… What is the point of buying if you are gonna lay awake every night worrying about it? Just rent until you are less stressed.
