I'm a millennial real-estate agent here to tell you that long-term homeownership is not the best way to build wealth. Here's why.
This as-told-to essay is based on a conversation with David Ravitz, 31, a millennial real-estate agent who isThe conversation has been edited for length and clarity.
People moving around means the American dream of homeownership is changing, and that's not necessarily a bad thing.I was in finance for a number of years. I went back to school and got my MBA at the University of Miami, and then jumped into real estate. I'm going on four years now as a real estate agent in South Florida. Everyday, I look at, and buy and sell houses on behalf of my clients. So, I'm in tune with the market and have a keen perspective on what's going on in housing.
At first, we thought we would renovate the home and live there for at least four years before selling. However, given the strength of the area's market, our mentality shifted.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
800K student-loan borrowers to soon get $39 billion in debt reliefInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Leer más »
7 ways to save and spend less money on your trip to MauiInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Leer más »
OpenAI says it hasn't 'made GPT-4 dumber,' after Insider reportOpenAI executive says the company hasn't 'made GPT-4 dumber,' after Insider reported users complaining about degraded performance
Leer más »
KPMG, Microsoft teaming to bring more AI to workplaceKPMG is making a $2 billion bet on AI. It's another example of big changes that are coming to the workplace.
Leer más »
Marc Andreessen says Musk and Zuckerberg should fight: reportMarc Andreessen throws his support behind an Elon Musk-Mark Zuckerberg cage fight in a talk with Peter Thiel
Leer más »