Buying guide
Should I buy a house during a recession?
Yeah, nah. Yeah.
AI summary
Buying a house during a recession presents both opportunities and risks for Kiwi buyers. The main advantage is lower property prices due to reduced demand, offering a chance to secure a home for less and potentially see greater capital gains later.
However, there are significant risks:
- Uncertain job security
- Difficulty finding reliable tenants
- Stricter lending criteria from banks
Before buying, ensure your finances are stable and consider consulting a mortgage broker to navigate the process.
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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