Home ownership the new ‘thing to do’ in your 20s
When I was in my 20’s parents would always say “finish your studies, land your first job”. Today, parents are saying “land that job, invest in property”. And you’re not even 30 yet! Lots of first time home buyers don’t want to wait for marriage before jumping into a hot housing market. Today’s young adults are not with lingering student loans, unwanted career tracks and high housing prices stop them from looking for their first home.
The generation of young adults, ranging from 20 – 30 knows a hot market when they see one, and lots have developed strategic ways to have their own home at a younger age, often without the help of a spouse’s salary. Several people buy their first home jointly with a brother, sister or even with a friend. Few became small-time landlords, renting out basements or extra rooms to renters who leases offset the mortgage.
