I observe many millennials facing obstacles in purchasing property. Could it be due to limited stocks, high interest rates, or challenging down payments? Share your insights.
The primary challenge I encounter is the unpredictability of future market conditions combined with regulatory uncertainties that often complicate long-term investment planning. In addition to the large financial commitment required upfront, there is a persistent concern about property devaluation or unexpected maintenance costs. While there might be opportunities for those willing to take on some risk, for many potential investors the overwhelming initial hurdles and ongoing financial responsibilities continue to be major deterrents in choosing real estate over other investment options.
The main barrier I face is the high initial capital requirement. Even though there are low-interest schemes available, the substantial down payment and closing costs are still daunting. I have also noticed that rising property prices in certain areas have made it difficult to enter the market without compromising on location and potential returns. Additionally, the market seems unpredictable with frequent changes in policies that could impact long-term investments. These factors combined with the lack of flexible financing options have contributed to my hesitation in investing in real estate at this moment.
i feel like the hesistancy is mostly because of the unpredictable market trends & risk of overpaying, along with the huge down payment that feels almost impossible for most of us. the whole sitch can be kinda discouraging at times.
I’ve been noticing similar frustrations. The market’s unpredictability and financial hurdles definitely make it hard. Do you think innovative financing methods might eventually ease these challenges?
i hesistate coz info transparency is low; many details on property history and hidden expenses are nowhere to be found, plus im unsure about income stability in such an unpredictable market.