Remember this: Homeownership is an investment in your future 🔑đźŹ
With the way our economy is looking, many of you are probably wondering if it is still a smart move to buy a home now or if it makes more sense to wait a little bit longer.
One thing we tend to forget, however, is that when making this decision not only does it matter how it affects us today but also how it can affect us in the future.
“Millennials have higher average 401(k) balances than Generation X did when they were the same age, but they’re not any better off financially. . . . A lot of that has to do with being less likely to own a home.” (Bloomberg)
Studies show that if you want to create wealth, prioritizing home ownership is the best way to do that. Think about it: whether you decide to buy or rent, you’ll still be spending money on expenses… so why not at least make sure it’s on something you own?
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