Rich millennials are buying vacation homes before starter homes. There are 3 things you should consider before buying one, says a financial expert.
|04/15/2019||Posted by BusinessMediaguide.Com under General World News||
- Some rich millennials are buying vacation homes instead of primary homes because it’s too expensive to buy in the cities where they live.
- There are three main reasons why people consider buying a vacation home, according to financial expert Jean Chatzky: They frequent a certain area, they’re planning to retire, or they want rental income.
- But second homes are different than primary homes and come with a lot of caveats — here’s what you should know before you buy.
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