There are probably a lot of young, childless professionals who can afford it now (with little additional savings) and plan to eventually sell and buy a home elsewhere. They may not be adequately diversified or prepared to stay in their home once they have the added costs of family, child care, aging parents, etc. though.
"They may not be adequately diversified or prepared to stay in their home once they have the added costs of family, child care, aging parents, etc. though."
But that's said like any generation is ready for that. I certainly wasn't. But it really provided enough drive for me to attain a higher status (Not status for status sake, just financial comfort).
There will be those that make it, and those that break it.
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There are probably a lot of young, childless professionals who can afford it now (with little additional savings) and plan to eventually sell and buy a home elsewhere. They may not be adequately diversified or prepared to stay in their home once they have the added costs of family, child care, aging parents, etc. though.
"They may not be adequately diversified or prepared to stay in their home once they have the added costs of family, child care, aging parents, etc. though."
But that's said like any generation is ready for that. I certainly wasn't. But it really provided enough drive for me to attain a higher status (Not status for status sake, just financial comfort).
There will be those that make it, and those that break it.