Why millennials shouldn't rush into homeownership

Burdened by student loans, poor job prospects and paltry paychecks, many millennials have had to put off buying homes.Now some economists say that may turn out to be a blessing in disguise.Young people might end up more financially stable and with more wealth in the long run if they delay home ownership until they have enough savings for a bigger down payment and investments outside of their home, argues Bill Emmons, senior economic adviser at the Center for Household Financial Stability at the Federal Reserve Bank of St. Louis.Read full article >>...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web http://ift.tt/1CLRPhb
via IFTTT