Financially Well
Kevin Mahoney, CFP®
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Second Home or Starter Home: What Should Millennials Buy First?
• 15 minShould Millennials buy a "second home" before they ever own their full-time, primary residence? Welcome to Financially Well, the finance podcast for Millennials. In this episode, Kevin Mahoney, CFP® will discuss recent trend articles about Millennials who have purchased a second home. More specifically, these Millennials still rent in large, high-priced cities such as Washington, DC. But they've also purchased a “second home” in a less expensive, more remote location. Kevin, who specializes in financial planning for Millennial parents, will talk about how this strategy may make sense for the people interviewed. But how many Millennials will actually find value – both financially and in their lives – in purchasing real estate far away from their current house or apartment rental?
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