Yes! You Can Buy a House!

Isn't it remarkable that in your parent’s or grandparents' day, a single income family could buy a house easily? Today, it seems that soaring house prices mean that only the wealthy can afford a house, and that the young person faces a fate of renting until they are in their late 30s! Sadly, the average age of a first-time home buyer in the United States is 34 years old according to this website. Although the future seems depressing for any young home buyer, there are some tips that can be used to buy a house in this competitive market! First, it is important to try to find a way to escape renting. An option could be to live in an RV on a relative’s property for a couple years, pay it off during that time, then sell the RV to obtain a doable down payment! A larger down payment means a lower mortgage. Secondly, if you can learn how to remodel, you can buy a house for cheap, fix it up, then sell it while gaining a lot of extra money. You can now use this extra money to put a down payment on an even more decent house. Stop trying to gradually set money aside to buy a house, and start letting your assets work for you!

 

To find out more on how to buy a house in this crazy market, click here.