Should millennials consider buying homes above their current earning capacity?

by Staff Writer
Nov 12
  • A Trulia blog post indicates that in some metropolitan areas, buyers who purchase a home they can't afford right now in the hopes of their salary increasing later may realize affordability within a few months or years.
  • The key? Young workers who buy in markets that are experiencing marked employment gains.

Helping homebuyers get into high-priced mortgages they can’t afford may have been at the root of the most recent mortgage crisis, but a new Trulia report suggests that buying an expensive home may actually be a good idea in some areas of the country, particularly for millennial buyers.

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