We recognize that our industry changes every day, especially today with the millennial generation beginning to enter the housing market. I came across this article and thought you may find it very informative in regards to prospective clients.
Self-made millionaire: Not buying a home is the single biggest millennial mistake
Buying a home is "an escalator to wealth," David Bach tells CNBC. Young adults in particular aren't hopping on this escalator, and it's a costly mistake, Bach warns: "If millennials don't buy a home, their chances of actually having any wealth in this country are little to none. The average homeowner to this day is 38 times wealthier than a renter."
The self-made millionaire is quick to say that the smartest investments he's ever made have been the three homes he's purchased. He tells CNBC: "I first bought a home in San Francisco. It skyrocketed in price. I moved to New York and bought another home. It skyrocketed in price. My net worth has gone up millions and millions of dollars, simply because I've lived." Read more
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Article Source: http://www.cnbc.com/2016/12/30/self-made-millionaire-buy-a-home.html