home buying: Small homes aren't the stuff of dreams - but they make dreams come true...
- 01/28/18 03:47 PM
One of the interesting things I see in our current market is the young millennial generation still seems all to prone to renting rather than purchasing. With rents heading sky-high, they are literally throwing money out the window waiting for the day when they can afford their dream home. They don't seem to this day may never come unless they build some equity. The best way to build equity is with a small starter home. In the New York area, that often means a small cooperative or condo. In many cases, they can save hundreds in rent a month since maintenance costs … (14 comments)
home buying: What do 40 years of mortgage interest rate history and the affordability factor tell us?
- 09/10/11 03:10 PM
Waiting to buy a home could be an expensive mistake…. That’s what! Plain and simple. Ever since the knife dropped in on real estate – buyers have been alternately flooding into the market and holding back. Don’t get me wrong…these are difficult times. I understand the hesitancy – however, for those who have a stable job and a stable income with good credit, I have to think that a little green monster called greed is entering the picture. We all see the little green monster in ourselves from time to time – but we need to watch that monster and … (12 comments)
One of the interesting things I see in our current market is the young millennial generation still seems all to prone to renting rather than purchasing. With rents heading sky-high, they are literally throwing money out the window waiting for the day when they can afford their dream home. They don't seem to this day may never come unless they build some equity. The best way to build equity is with a small starter home.
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