I’m not advocating buying a house as a trainee, and I haven’t my first three facilities. I’m debating on my fourth. Weighing the baller interest rate vs possible price drops in spring and what the rates will do then. A .5% rate change on 500k amounts to 40k +. That’s huge.There have been a few (four I think total since the facilities split) from ATL certify at A80, but that’s the only tower only transfer facility to certify. People might think I’m an ass, but I’m just trying to be honest with them. I don’t believe it is in someone’s best interest to buy a house during training. Why add another potential stress when your number one goal is to get certified?
The housing market has been hit hard here with aviation cut backs and the movie industry taking a hammering. I’ve dropped the price of my house over 5% and still can’t get a buyer and that’s with it 10% below the appraised value! The only people buying houses are REALLY secure in their career fields and most are paying a premium to buy a new house versus a three year old house.
People obviously need to look at their situation and financials etc. Houses can be rented out. Especially close to colleges when those open back up etc. Even if you wash and have to move, I’d love to have some rental properties in areas I’ve lived before lol.
The issue is CPCs thinking it is too cocky and that the trainee shouldn’t certify because of a house purchase.