Here’s why buying a ‘money pit’ at 30 beats waiting for the perfect home at 40
Real Estate
When Amanda and Vincent DeRise went to view a 140-year-old Victorian home for sale in Atlantic Highlands, NJ , their real estate agent didn’t mince words: It was a “ money pit .” But the DeRises saw a way into the wealth engine that has defined middle-class America for generations . While it’s no secret that homeownership builds wealth through equity and appreciation, new research from Realtor.com® reveals a critical factor: timing. At 31 and 32, the DeRises were in a race against the
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