Dalvin Brown
speaker
364 appearances
7 recordings
1 series
first heard May 2024
last heard Nov 2024
Dalvin Brown’s voice in public audio — every appearance, attributed to the second.
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Appearances
You know, rising rents and interest rates have created a sense of urgency for them.
They say, hey, I have $50,000 saved today.
That may not take me as far if I sit and wait.
So they are jumping right into buying the home together before they even gotten engaged.
Exactly.
More and more couples are skipping the traditional path of engagement, then marriage, then buying a home, and instead they're jumping straight into home ownership, seeing it as a more practical investment in their future.
So last year, it was just over half a million unmarried couples who said they had recently bought homes together.
And that's up 46% from a decade ago.
And that's a huge jump.
For this story, we're talking mostly about couples in romantic relationships.
There's definitely a growing trend of close friends co-buying homes, too, especially in an expensive housing market.
For the couples that I talk to, it's about investing in equity rather than paying rent indefinitely.
You know, rising rents and interest rates have created a sense of urgency for them.
They say, hey, I have $50,000 saved today.
That may not take me as far if I sit and wait.
So they are jumping right into buying the home together before they even gotten engaged.
So one of the sources I spoke to lives in Washington, D.C., and they bought a condo together because they saw it as a more permanent step for their future.
And they did that even before they got engaged.
They plan to get married next year.
And what they've told me is that the wedding will cost less than the down payment on their home.
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