The US government basically not announcing job numbers and bunch of other indicators just have me feeling very uneasy about the current market.
Normally I'd be on team 'just stay put through the storm', but since I do have plans to possibly purchase a property next year, I want to have the downpayment money and a bit of extra available. I think it might be wise to have that amount just out of equities at least and keep the rest in. So 50k from RRSP homebuyer's program and I should have about 25k FHSA this year and able to put another 10k (I'll transfer from my nonregistered account) next year.
So a total of 85k from registered accounts, I think I'll free up another 15k so we're at a nice 100k round number maybe? Or should I liquidate more of my equities? Maybe a quarter (about 135k) to a third (180k).
I like my current lifestyle and don't want to live cash poor, so ideally I find a cheaper condo or somewhere with not super high condo fees (surprise! the condo fees in this city is usually 500-800 for a 1-2 bedroom). My current arrangement with my roommate was really great for cash flow, I could basically float all my yolo trips and such. Too bad she's moving out after this year's lease and I don't want to find another roommate.
Houses are better than condos for capital gain potential, but I'm more looking to my portfolio for retirement than my residence. Also houses are a lot of work and I am honestly not a handy maintenance person. But if I find a good townhouse it could be the best of both worlds.
I guess I'll just keep an eye on the local housing market and see. Right now it's a buyer's market but prices haven't really dropped.
One step at a time. Get my questions answered at the work RRSP program and start liquidating my FHSA first.
** Sidenote: I love being BTS ARMY. This fandom is honestly the coolest, the b-cd.app website to-do-list tool is the bestest! I put this post down as one of my tasks today and here I am! It's really helping me with productivity in a gentle positive way.
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