We have all read articles about how millennials are “killing” the real estate market since the number of people buying houses has dropped exponentially in the last decade or so. While the housing crisis of 08’ has heavily influenced this trend, it is also just not a priority to coming generations, which is fine. A lot of adults are now looking for cheaper and more convenient living options, and a house in the suburb is usually neither of those things. However, if you are interested in buying a house still, you can look into homes in Escoba Bay, NC, and continue reading the rest of the article below:
Buying a house is a lifetime investment because the chances of you being able to afford another house are very unlikely given the soaring rates on houses and the stagnating rates of average income. Buying a house in the suburbs does give you a place that isn’t overly-crowded, noisy, or bright like in the city so if that is something you need and prioritize, then you are meant to be a homeowner.
Another great thing about buying a house is that you are essentially investing in the real estate market and becoming a permanent property owner. Becoming a permanent property owner means that once you have made all the payments, your house is yours for the rest of your life or until you sell it. While the selling prices of houses currently are not great, having a permanent property of your own gives you a potential opportunity to cash in and sell your house if it does become profitable to do so later on. Ultimately buying a house is a major decision and a permanent one too that so you want to take your time, explore your options and make a decision only after you feel comfortable with your choice.