Compare Listings

Why do we have to buy a home earlier?

Why do we have to buy a home earlier?

Why do we have to buy a home earlier?

(Excerpt from Thesis by Brandeis, Institute on the Assets and Social Policy)

We have many questions such as why do we have to buy a house: Rent is enough because it is much simpler life without hassles. Especially Millennial generation doesn’t like to buy a house, was reported.  I’d like to introduce a report written in 2013 by Brandeis University which was established by Jews funds originally.  The title is “The Root of the Widening Racial Wealth Gap: Explaining the Black-White Economic Divide”.  The research has sampled 1700 family of African American and White for 25 years from 1984 to 2009.  The report revealed the difference of assets of between African American and White was $85,070 in 1984, but this difference grew to $236,500 in 2009.  Interestingly, the report found out that one of major contributing reasons is how early they own a home.  White family has purchased a house about 8 years earlier than African American.  And White’s house owning rate is 28.4% higher than African American.

img

Stephen Lee

He has been in Real Estate industry in about 20 years and has been Broker of Record for 9 years. His experience includes residential, commercial, and property management. Prior to involving with Real Estate business, he has been involved in the digital communication equipment industry utilizing his engineering background and education, including running own company. He has established C Land Realty in 2011 which has grown to staffing over 100 Real Estate agents and the annual transaction amount of over $110,000,000 today.

Related posts

Now is the perfect TIME TO BUY for Millennials!

C Land Realty presents Home Buyers Seminar via...

Continue reading
by admin

렌트가 좋은가?

by Jingu Seo (Broker Associate at C Land Realty)   전통적으로 주택을 거주의...

Continue reading
Amy Lee
by Amy Lee

우리집(건물) 가격은 얼마 일까요?

 by Jingu Seo (Broker Associate at C Land Realty)   부동산 에이전트가...

Continue reading
Amy Lee
by Amy Lee

Join The Discussion