5 Tips for Millennial Home Buyers
In previous generations, many people bought ‘starter’ homes while in their 20s or 30s. The world moved at a much slower pace then. People tended to stay put in the cities where they grew up. They wanted ‘roots’ and the status that homeownership afforded.
But times have definitely changed. In the next generation of real estate, we’re a much more mobile society. Millennials, Generations X and Y don’t necessarily want to be tied down by roots. They want the freedom to travel, or to take that new job, whether it’s in Chicago, Los Angeles, or Dubai. Homeownership doesn’t have the same status to them that it had to earlier generations. And, they’ve heard the horror stories of home ownership from those who bought during the market high only to see their home values plummet during the recession.
But there are still many who want to be homeowners. And, the approach is different now, then it may have been a generation ago. If you’re in your 20s or 30s today and considering buying a home vs. renting, here are some things to consider……..Read the full story.
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