Debunking myths on why youth shun property market
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Loading... - Joseph Mumo
- 09 Nov 2022
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When it comes to real estate, the older generation has embraced it a bit more as they understand that buying and owning property is an investment strategy that is not only satisfying and lucrative but also a security for their future lineage.
Recently, the youth have begun coming to this same realisation.
But, this begs the question, why aren’t more youth investing in real estate?
There are a few things that have caused the youth to remain shy of real estate investments, including high costs, no immediate returns and a likelihood of getting scammed.
Well, these myths aren’t without reason but let’s take some time to address them.
Too expensive?
While some real estate options can be expensive, there have been several advancements in the sector that now make real estate a more accessible investment for everyone.
From banks and Sacco loans to real estate agencies that offer flexible payment options, there are several financing modes that are available to cushion the financial load of real estate investments.
An option for older generations
Well, this is more of a perspective issue. In the past, owning real estate may have been seen as an investment that indicated you are getting geared up for retirement, but today real estate is an asset that is as important for the younger generation as it is for older generations.
This is especially true as the conversation of “securing your future” gets more recognition among the younger generations.
It’s become apparent that with the uncertainty of today’s world, the earlier you plan for your future, the more the chances of a “future-proof” life.
You just never know what tomorrow might bring, but you better be ready for it, and what better way than to have something to call your own that no one can take? Read More…
