2 Convincing Tips For First Time Home Buyers

Leave a comment

November 3, 2015 by Jeff Lowen

There have been some who have voiced doubt as to whether or not the younger generations still consider buying a home as being part of the “American Dream”. A study by Merrill Lynch puts that doubt to rest.October2015-9

Convincing Tip #1

According to their research, every living generation still believes that owning a home is in fact important. Here are the numbers:

American-Dream-KCM

This should not surprise us as many studies have revealed the benefits enjoyed by the families who own their own home. One such study was done by the Joint Center of Housing Studies at Harvard University that addressed a major financial benefit to owning your own home: forced savings. The report explains:

“Since many people have trouble saving and have to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings to another day.”

Convincing Tip #2

There are many reasons that owning a home makes sense. Tip #2 proves the financial reasons are most powerful. As one participant in the Merrill Lynch study put it:

“When I was younger, I always worried about that monthly mortgage payment. Now that I am retired, I have the peace of mind of knowing I own my home free and clear.”

Even if you’re not a first time home buyer, the reasons for owning a home are most compelling. Wouldn’t you agree?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Subscribe Today!

Not a Subscriber Yet? Click Now!

Picture of Jeff

Reach Out To Us!

Call or Text: 703-665-9739

Back Issues

%d bloggers like this: