I don’t want to pour salt on the wounds but the mixed media message is a big problem for millennials. What is it? Condo prices rising to unaffordable levels or collapsing in front of our eyes? The constant media message of a bubble is contributing to the problem as millennials decide to put buying a home on hold year after year as prices rise beyond their capacity to buy. Waiting this last year has cost most millennials the opportunity to ever buy a home.
Buy a home now. Block out the noise. If you can’t buy now, buy a condo from floorplans wait the five-year delivery period but allow yourself the time to save for a 15% down payment. Get into the market.