> If you’re dying to buy a primary residence today, make sure you can withstand a 20%+ correction over a five year time frame, if history is any guide. If you don’t have a financial buffer equal to at least 10% of the value of your property after putting down 20%+, then you are not financially prepared for a downturn. Better yet, pay cash.
You're right, the article does say 10%, not 20%. Thanks for the correction!
You're right, the article does say 10%, not 20%. Thanks for the correction!