Buying a home after 40? You’re not alone and you’re not too late.
The average first-time homebuyer is now 40, and many are weighing a big question: Should you buy a home or focus on early retirement?
Here’s the reality. It’s less about your age and more about your timeline.
If you plan to stay put long term, homeownership can still be a smart move. Most buyers hit their break-even point between 7 to 12 years, and owning gives you something renting never will equity and long-term stability.
There’s also the power of leverage. You’re controlling a large asset with a relatively small upfront investment, and historically, home values have appreciated over time.
For retirement planning, owning a home can be a game changer. Locking in a mortgage today helps protect you from rising rents later, especially when you’re on a fixed income.
And here’s something many people don’t realize. With strategies like biweekly payments or one extra payment per year, you could pay off your home years earlier and head into retirement mortgage-free.
Bottom line
You’re not behind. You’re just making a more informed decision.
Read the full article🙃👇️
https://www.realtor.com/news/trends/buying-after-40-saving-or-retirement/?cid=eml__1946:66e221571a4446d4e6969d41:rm202604281030_Marketing_Consumer_Daily_EditorialRSSDynamic&deeplinkIdentityId=589ce411-bc81-42d5-aaa4-8755cd5cfdaf
