Cofounder of LearnLux and 2016 30 Under 30 honoree.
“If you wait until you’re ready, you’ll be waiting for the rest of your life.”
Early on in starting my company, people advised me that I should have more experience, more time, and more money. I didn’t.
Since this is the biggest group of people, its important to know who they are and what their lives are like. Unlike earlier seniors, these people are vibrant and less likely to go into a retirement home. Many of them express a desire to move but to downsize and move to be near family.
This was the results of a survey done to see how renters felt about whether this is a good time to buy
“One interesting potential bright note for housing in the July survey is that younger households may finally be shifting toward buying rather than renting in greater numbers. Whether the shift in sentiment in July toward buying rather than renting on their next move holds up or is a temporary reaction to their view that rents are on the rise and mortgage rates will be lower, we will see. However, we are getting set to release some additional research in early August showing evidence of a broader move by older millennials in the direction of ownership.”
Homeownership rates, which have been declining since the end of the housing boom, hit an all-time low in the second quarter of 2016. It was highest in the Midwest at 67.7 percent and lowest in the West at 57.9 percent.
“Los Angeles has long attracted wealthy individuals willing to spend millions of dollars for a sprawling estate in the chaparral hills above the city or along its fabled coast.
But in addition to movie stars, financial executives and foreign billionaires, Los Angeles real estate has also attracted criminals seeking to launder ill-gotten gains by purchasing its tony mega-mansions.