Q

What’s the best way to save for a down payment on an apartment or house?

A

We'll tell you, but it might depend on when you plan on buying.

Planning to join the ranks of homeowners? There’s no emotional wellbeing that can compare with what one feels when acquiring an irregularly sized collection of sheetrock, glass, and linoleum. But exactly when are you planning to buy? If you’re not going to buy for five or more years, you’ll want to get your savings invested. Investments in equities, aka stocks, though susceptible to wild up and down swings, have been shown to increase in value quicker than real estate, so it’s likely that the longer you keep money invested in the market, the more house you’ll be able to afford when you do pull the trigger.

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