10 Effective Ways to Keep Your Home Pest-Free This Spring
As the flowers bloom in the bay area and the weather warms up, so does the activity of unwanted pests. This Spring, take proactive steps
Hey guys, so according to an Urban Institute study, homeowners who purchase a house before age 35 are better prepared for retirement at age 60 which I found so fascinating and figured you would too. Especially considering the majority of you are below 35 and we all would love to increase our wealth.
Our generation is actually a strong believer in homeownership.
According to a Freddie Mac survey,
“The dream of homeownership is alive and well within “Generation Z,” the demographic cohort following Millennials.
Our survey…finds that Gen Z views homeownership as an important goal. They estimate that they will attain this goal by the time they turn 30 years old, three years younger than the current median homebuying age (33).”
If you, an aspiring homeowner purchase at an early age, the Urban Institute study shows the impact it can have.
Based on this data, those who purchased their first homes when they were younger than 25 had an average of $10,000 left on their mortgage at age 60. The 50% of buyers who purchased in their mid-20s and early-30s had close to $50,000 left, but traditionally purchased more expensive homes.Although the vast majority of Gen Zers want to own a home and are somewhat confident in their future, “In terms of financial awareness, 65% of Gen Z respondents report that they are not confident in their knowledge of the mortgage process.”
As the numbers show, you’re not alone. If you want to buy this year but you’re not sure where to start the process, let’s get together to help you understand the best steps to take from here.
As always, thank you for reading, I appreciate you and your time.
xoxo,
Damaris Sanchez
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The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Damarissanchez.com does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Damarissanchez.com will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
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