By Carrie Kerpen, CEO
You’ve probably heard the news by now: Millennials aren’t buying houses.
In the wake of a recent recession, the rate of homeownership in the US is dropping, largely due to the fact that the percentage of 18-to-34 year old home-owners has hit a 30-year low. (In fact, right now young people are actually more likely to live with their parents than with a spouse.) As the CMO of Freedom Mortgage, Bev Thorne has something to say about all of this.
Thorne understands young people’s hesitancy to get a mortgage. After all, that’s a major milestone and a heck of an investment! But she doesn’t just look at homes as financial investments—they’re emotional investments, too.
In the video above, Thorne tells me how homeownership can be a catalyst for wealth, confidence, and flexibility.
Carrie Kerpen is the CEO of Likeable Media, a social media agency. She is passionate about social media, and connecting women in digital via her podcast, All The Social Ladies. Tweet her @carriekerpen.
This post originally appeared in Forbes.