Monday, November 11, 2019 / by Rick Sadle
Home Ownership
Let’s face it. For we millennials, social security for retirement is an unlikely scenario. A recent article in USA Today said that, in order to retire at sixty-five, millennials would need to save half of their paycheck. Half. Who can live on half a pay check? I know I can’t.
With rent on the rise and with rental properties becoming more and more scarce as Portland experiences the constant population boom, there have to be other options. Throwing away $1500, $2000, and even more every month is only perpetuating the problem we millennials face with retirement. In many cases, it is less money to actually buy a home than it is to rent one. Plus, who wants all the limitations that come with renting property?
Purchasing is a smart choice in Portland, Oregon for many reasons. For one, housing costs are on the rise. While this may make the initial investment a little hard to come by, it also means that when you go to sell the home, you should be able to turn a tidy prof ...
With rent on the rise and with rental properties becoming more and more scarce as Portland experiences the constant population boom, there have to be other options. Throwing away $1500, $2000, and even more every month is only perpetuating the problem we millennials face with retirement. In many cases, it is less money to actually buy a home than it is to rent one. Plus, who wants all the limitations that come with renting property?
Purchasing is a smart choice in Portland, Oregon for many reasons. For one, housing costs are on the rise. While this may make the initial investment a little hard to come by, it also means that when you go to sell the home, you should be able to turn a tidy prof ...