Buying a house has long been the American dream. It’s a sign of financial stability and is often considered one of the ultimate investments one can make.
“Look at your existing debt and determine how much room, if any, there is for a mortgage payment,” Schleifer said. “If your debt levels are already too high, your only focus should be paying these down.”
Beauchamp also reminds Gen Zers there are several other ways to break into the housing market aside from traditional ownership.