Why Not Buying A Home Is The Single Biggest Millennial Mistake?

‘Why invest in real estate?’

If you have been searching for an answer to this question, you need to take advice from the self-made millionaire David Bach.

In the recent times, people have been found in dubious state for investing in real estate. However, Bach considers not buying a home to be ‘the single biggest mistake millennials are making’. Yes, according to him, buying a home is surely a great deal. For those, who are looking forward to escalate their wealth growth, cannot overlook this opportunity.

How homeownership helps?

In clear words, Bach indicated that without investing in property, the chances of having any wealth in the country are closer to none. Further, he adds, that an average homeowner is 38 times wealthier than a renter. He himself has made three smartest homes purchases, including a home in San Francisco, followed by another one in NYC. Every time, there was a rise in the property’s price, he made a wise sale and moved to another location. And this added net worth has of millions and millions of dollars.

Hence, buying a good property at the low price, and then waiting for the right time to sell the home, can be an easygoing way for wealth rise.

How to make a good start?

Definitely, it is not an easy task to buy a home. So, start with your homework, searching for the best options, fitting into your budget. Check for what things costs, and begin with the smallest options. Be very clear with your goals, especially when you are buying it for the first time.

So, if you have been making a costly mistake towards the future by not investing in real estate, you need to change your mind right away. It is without any doubt a remunerative deal!