The Charleston are's population has been burgeoning. Everyone knows it. It's partly due to the fact that our little city is so livable, but it is also due to the heavy influx of industry that we're currently seeing. I think new industry should be welcomed with open arms to strengthen our local communities. However, when you experience an influx of new residents, you will certainly see an affordable housing shortage. That has been the case here in Charleston recently. Unfortunately, house prices have skyrocketed and that has made many millennials unable to buy. They have to resort to renting and the rental rates in the area have been increasing just as aggressively as home prices. Today's post is about why it is impractical to continue renting in today's market. I know it isn't easy to buy a home, so we will follow the previous statements up with some information on how you CAN buy a home more easily than you think you can.
Millennials are struggling economically. It's primarily student loan debt that has proven to be Millennial's plight. In this blog post, a very well-known economist's opinions and advice are directed toward millennials on how to better position themselves financially to succeed. Most millennials want to buy a home, but are unable to due to their student loan debt and high costs of living due to inflation. This post focuses on some of the ways that millennials can overcome these struggles. Remember me if you're interested in buying or selling residential, commercial or investment real estate in Charleston, South Carolina.
I know I write an awful lot about millennials. But, I'm a millennial and millennials are quickly becoming the most potent group of consumers the world has ever seen. Just look at contemporary marketing or product design and you will see that everyone is aiming their volleys at us millennials. Whether you love us or hate us, we're here to stay. And we're starting to buy houses. Unfortunately, many millennials carry an astounding amount of student loan debt, which is hindering their ability to purchase their preferred homes. Fortunately, millennials are willing to sacrifice a number of things in order to get themselves into houses and achieve that American dream. This post discusses a number of sacrifices that millennials are willing to make in order to purchase their first home. Remember me if you're interested in buying or selling residential, commercial or investment real estate in Charleston, SC!