Bad Advice Series: Just Get on the Property Ladder

Published: Sept. 19, 2023, 7 p.m.

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We get it; the journey to owning your first home can be an overwhelming and daunting experience. But before you heed the clich\\xe9d advice of "It doesn\'t matter what you buy, just get on the property ladder," tune in to this as we reveal why this well-intentioned counsel might be one of the worst pieces of property advice you could receive.

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In this installment of our Bad Advice Series, we delve deep into the concept of rushing onto the property ladder at all costs. While it might seem like a universally accepted mantra, we\'ll break down the myths and misconceptions surrounding this approach.

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Don\'t fall into the trap of panicking to get on the property ladder. Instead, arm yourself with the wisdom shared in this episode, and embark on your journey towards homeownership with confidence and clarity.\\xa0

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Episode Highlights:

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00:00 - Introduction

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02:04 - Meighan\\u2019s special house of the week

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06:43 - Reason #1: Why buying anything to get on the property ladder is bad advice?

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10:13 - Reason #2: Why buying anything to get on the property ladder is bad advice?

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12:02 - What happens when you rush to get on the property ladder

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15:56 - Huge mistakes one can make just by getting on the property ladder

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21:42 - Why first home buyers also need to consider established properties cautiously

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28:39 - The advice to get onto the property ladder is not entirely wrong but\\u2026

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Resources mentioned in this episode:

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Resources:

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If you enjoyed today\\u2019s podcast, don\\u2019t forget to subscribe, rate, and share the show! There\\u2019s more to come, so we hope to have you along with us on this journey!

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