Buying guide
Should I buy a house during a recession?
Yeah, nah. Yeah.
AI summary
Buying a house during a recession in New Zealand has both benefits and risks. Lower property prices and less market competition can present a great opportunity for buyers with secure finances, potentially leading to a smaller mortgage and future capital gains.
However, key risks include potential job loss, challenges with tenants for investors, and stricter lending criteria from banks.
To mitigate these risks, have 3-6 months of payments saved and consider consulting a mortgage broker for professional advice.
What’s so scary about a recession?
Why buying a house during a recession could be a good idea
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Ready to start looking?
The risk of buying a house during a recession
To buy or not to buy?
Is now the right time?
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