OK, driving this morning I overheard Watson on Rock 102 venting about how his wife and him are looking for their first home but are frustrated with what you get for what you pay...  having a home on the market my first thought was I should send him my listing, my second was an internal giggle at the fact that every house I've bought I've felt the same way.

Here's the deal though, when my parents moved to Saskatoon they felt the same, when they bought their next house moving to the East side in the early 80's they nearly choked on the $78,000 price tag, likewise my in laws with their first home in the late 60's early 70's thought they over paid (under $20,000) for their first and were told they were over paying when they bought their second home for $53,000 in the late 70's

So when  we started looking in late 99 early 2000 we were overwhelmed at the $140, 000 asking price, then when we bought our second home during the boom in 2008 which really wasn't all that much more house nor higher end finishing just a little more space we choked on the @265,000 we were now paying,

The thing is that all of these houses are now in the $300,000-$500,000 range, that knowledge combined with interest rates only having one way to go, stricter mortgage regulations coming in place in the middle of April and the .6% increase on posted 5 year fixed closed that happened today, well all I can say is if you have the means get your house as in 5 years you will really be complaining!

Note to Watson:

Buy what you can afford with a suite, pay it down aggressively in a couple years pull the equity build the dream home rent both floors and let the revenue home pay for itself and a portion of the dream home and enjoy the income and right offs that come with it.

PS: I have one walking distance to work for you...

PPS: I would never consider selling it if we weren't looking at a move to Ontario