The Myplace Playbook // 061
Hey Everyone,
I want to try something a little different this week.
No rate update. No market forecast. No breakdown of what the Bank of Canada is or isn't doing.
Just one question.
I'll buy when _______________.
That's it.
If you're not a homeowner yet, or you are but you've been thinking about making a move, I want to know what goes in that blank. Your real answer. The one you say to your partner on a Sunday morning or think about on the drive home.
Not the polished version. The actual one.
I've been doing this long enough to know that the blank is rarely what people think it is.
People say they're waiting for rates to come down. But when we actually talk, it turns out they're not sure they'd qualify. Or they're carrying a line of credit they're embarrassed about. Or they watched their parents lose money in the '80s and that story is still running in the background.
People say they're waiting to save more. But the number keeps moving. Every time they get close, the goalpost shifts, a little further, a little safer, a little more "just in case."
People say they're waiting for the right time. But when I ask them what that looks like, they go quiet. Because the right time is a feeling, not a date. And feelings don't show up on a calendar.
None of that is a criticism. It's just honest. The blank is usually more complicated than it sounds, and that's exactly why I'm asking.
Here's what I've heard over the years:
***"I'll buy when I have a bigger down payment."*****Fair. But how much bigger? And what's the actual difference in your monthly payment? Sometimes it's less than a tank of gas.
*"I'll buy when rates come down."*****Maybe they will. Maybe they won't. But the people who bought when rates were high and refinanced when they dropped? They also got two years of equity growth while everyone else was waiting.
*"I'll buy when things feel more stable."*****I've been in this business long enough to tell you: things don't feel stable. They just feel familiar. And familiar takes time.
*"I'll buy when I feel ready."*****This is my favourite one. Because ready usually doesn't arrive on its own. It shows up after a conversation that makes the numbers real, and suddenly the thing that felt impossible starts to feel like a plan.
Here's what I want you to do.**
Hit reply. Finish the sentence. One line or ten, whatever comes out.
I'm going to read every single response personally. And I'm going to write back to every single one.
Not with a brochure. Not with a rate sheet. Just an honest response to wherever you actually are.
If your answer is "I'll buy when I win the lottery", fair enough, I'll take that too. At least we're talking.
But if your answer is somewhere in the neighbourhood of "I'll buy when I feel like it's actually possible for someone like me".
That one I'd really like to hear.
Because that one I can almost always help with.
-Andrew
Find out what’s possible!
You can build a quick mortgage scenario online in under a minute–or just hit reply and I’ll run it for you.