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I’m gonna say something that you’re not going to want to hear, but it’s for your own good. You should settle. You’re confused or like your gut reaction is to be mad at me because you’re like, no Betsy, I’m trying to level up my life! I don’t want to settle.

Here’s what I mean…

So first off, I’m a Realtor here in Breckenridge, Colorado which is an expensive and aspirational market. I’ve seen many of my buyers buy nothing because they can’t buy exactly what they want. Instead of that, you should buy what you’re able to afford, right now so that you can start to earn equity.

Then use that equity to level up your property in the future. The sooner you buy real estate, the sooner you can start earning that equity, which can help you level up. It takes a few steps up to your dream property because right now, real estate has one of the highest rates of returns of any investment that you can make.

And the sooner you buy, the sooner you make equity. If you’re waiting to save enough money for a bigger down payment, you can buy that bigger property or you’re waiting for prices to come down.

I’ll tell you, even if we see a change in the market decade over decade for my entire lifetime and yours, home prices are higher. So from even say 2007-2017 home prices are higher.

So while you’re waiting, you’re leaving equity on the table. Or you have your money sitting in savings in an investment that’s making less money than you would if you bought a property that was a step down from what your dream is.

Sooner, to buy sooner, you will have to settle. But by settling now, you can level up in the future.