Young people don’t need to fret about home affordability. Things will work out.
With housing prices skyrocketing, the media are featuring stories every day about affordability for first-time buyers and analysis of renting versus owning. Young people, we are told, feel despair at the prospect of ever being able to own a house. I don’t know if that will be true or not. As a financial planner though, I would say it doesn’t matter. They can still have a strong financial plan whether or not they own a home. This made me think … Continued