How to invest after buying a house and why David Rosenberg thinks a recession is on the horizon GlobeInvestor
The definition of an affordable home is one that leaves you room to save and invest while paying your mortgage and other costs of ownership.
As a homeowner of 27 or so years, I can report that the biggest financial adjustment of home ownership is not the regular mortgage payments. Rather, it’s the surprise expenses you incur to keep your house in good working order. So let’s say that starting an emergency fund should be the first priority for this new home owner. Even a few thousand dollars is a helpful cushion against a leaky roof, burst pipe or water-logged basement.Next steps require some thought about raising a family.
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