#42 Buying In A Different City That You Work? It's NOT That Simple
The Mortgage Man - A podcast for everyone with or wanting a mortgageShow Notes
It might be tempting to want to buy in a different town to where you work to make it more affordable for you to buy your first home.
However, it doesn't work like that.
There are rules..
Firstly the commute - it kinda needs to be less than a 1-hour drive from where you work. But now if you can work from home.
If you are thinking you can live in one place on the weekends (your home) and then rent in the city you work in then we need to add that extra rent to your expenses which will usually throw the numbers out.
Or you could buy an investment out of town?
Then there are other things to consider. You won't be able to use your Kiwisaver for one and then what is the long-term plan?
A lot to think about, hence the podcast episode.
Have a listen, I am sure it will help you.
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