REal Talk

Buying Condos as a First Time Buyer - April 16, 2022


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Dora from Paul Rushforth Real Estate joins Frank and Steve to begin the show by discussing real estate numbers in March and April (0:48), interest rates and a potential recession (4:00), bidding for a new build lot online (7:06) and fixed vs. variable rates (8:35). After the break, the gang converse about first-time homebuyers buying homes or condos (12:08) and why people are content with not buying a new home (19:50). Then, the gang talks about mortgage penalties with non-banks vs. banks (23:19), property taxes going up (26:42), renegotiating mortgages in the next few years (28:11), and conditions when buying a condo as well as old vs. new condos (30:09). To end the show, a listener phones-in to ask about moving a mortgage over to another property (32:58), another listener calls-in to ask about whether they should sell their home and then rent (36:50), and the gang discuss whether taking out a line of credit to invest is smart (40:20).

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REal TalkBy Paul Rushforth Real Estate