This is a guest post from our friend John Donlon at GoldCoast Mortgage that we thought our readers would find insightful.
The next generation of homeowners won’t have it easy.
Fantasy interest rates that enabled our generation to easily participate in the competitive sport of homeownership, have sailed away. Possibly forever.
Yet home prices of yesteryear now seem like a joke compared to the super inflated post-Covid price brackets; ownership becoming an elitist sport right in front of our eyes.
Homeownership may feel elusive or too big of a wall-to-scale for many 20-30 year olds.
And it just may be.
But if the curiosity and motivation of becoming a homeowner gets suppressed and the wall-to-climb looks too intimidating to even try …. this generation loses out on a powerful wealth-building tool left only to a closed winners circle of institutional investors and corporate landlords.
For the renters and tenants in your life who still aspire towards home ownership Google this question:
Should I renew my lease or buy a home for myself?
Reading our opinion article is the first step to preserving that curiosity.
From that article we have many available resources including the ability to unlock their unique Home Ownership Aptitude Score® with no obligation to speak with us — and most importantly at no cost during these trying times.
Information, education and preparedness are KEY.
We would be honored to become resources for the Tenants in your life, whether they need our financing expertise or not. If you share our contact information with them, I promise the only feedback you’ll receive from them will be a huge Thank You.
About the Author
John Donlon is the founder of GoldCoast Mortgage and a self-described “real estate fanatic.” He purchased his first multifamily at age 23 and provided housing for hundreds of people on the Northshore. He closed that chapter at age 30 when he opened a local mortgage company. For the past 2+ decades, John has walked arm-in-arm with several thousand homeowners helping them achieve their real estate goals, small and large, centered and sphered. He is spiritedly accessible for all-topics-real-estate and commits to sharing his knowledge without even a hint of a return obligation.
