FINANCE | GOALS
Housing Frenzy FOMO?
8 reasons why it doesn’t have to be that way
Last month, my house was valued by a real-estate friend at over a million dollars. Except it’s not my house anymore. I haven’t lived there for five years.
I now rent.
Since I bought that house over ten years ago, its price has more than doubled. Most of that rise happened in the last two years. My real-estate friend thinks it will keep going up.
Up, up, and away.
It can feel kind of depressing.
But, if you are still renting, living at your parents, or even couch-surfing, with major FOMO when your friends talk endlessly about how much their house is worth, here are eight solid reasons why you shouldn’t be panicking:
1. Perspective!
So many people want to be on that ladder before it moves out of reach (spoiler, it’s already out of reach for most). Scrabbling for that last rung for dear life, then clinging on like there’s nothing below but a sheer drop to oblivion.
In the past year, in my adopted home country of Canada, parents gifted over 10 billion dollars to help their kids buy their first house.
