Your primary residence may NOT be an investment!

A home should be looked at as a forced savings account.

You're required to put money towards your home no matter what for a certain period, and it will likely increase in value slightly more than inflation.

This reduces the level of freedom and flexibility you have in your life. Lots of people become house-poor because all they can do is afford their mortgage payments.

Instead of going all out on a home (it hurts me to say this), get a cheaper primary residence and invest the rest of your money in OTHER asset classes.

When you buy a home, a LOT of money is going towards interest over the term of your mortgage. If you can decrease this mortgage cost over years or decades, you might save hundreds of thousands of dollars.

For example, instead of buying an $800,000 home if that's what you're approved for, try to find one that's $600,000 and you'll have ~$1,000 of discretionary income every month (every $100,000 borrowed for a mortgage costs ~500/month).

If you can put this $1,000 away into liquid assets like REITs, Stocks, Bitcoin, and a bit of gold, you'll likely be much better off because it will give you flexibility.

Selling a house in a bad financial situation is a lot more difficult than selling just about any other asset.

Other assets will also decrease the risk in your portfolio (diversification).

You may also receive a higher overall return from owning other assets (make sure you consider the interest you're paying on your mortgage).

Advanced Loans