Don't Buy Your Dream Home, But Buy A Home.

Buying real estate at 23 can be a transformative financial decision that sets the stage for long-term wealth and stability. At a young age, you have the advantage of time. Real estate typically appreciates in value over decades, and starting early allows you to maximize this compounding growth. Additionally, the earlier you enter the market, the sooner you begin building equity—essentially paying yourself instead of a landlord.

You don't need to buy your dream house, but getting into the market has many upsides.

In your 20s, you’re also likely to have fewer financial obligations. Without the burdens of extensive family costs or other major expenses, you can allocate more resources toward a down payment or covering mortgage costs. Furthermore, purchasing property can serve as a forced savings mechanism, helping you build wealth systematically over time.

Another key advantage is the potential for passive income. If you choose to rent out part or all of your property, you could generate additional revenue streams, which could even cover your mortgage payments.

Annual Market Appreciation for Single Family homes in Wake County, North Carolina.

Market dynamics also favor young buyers, as interest rates on mortgages are often more favorable for those with longer borrowing horizons. By locking in a rate now, you can protect yourself from potential increases in borrowing costs down the line.

Lastly, owning property provides stability and control over your living situation, freeing you from rent increases or landlord-imposed limitations. Starting your real estate journey now not only empowers your financial future but also fosters independence and financial literacy, laying the foundation for wealth-building well into your 30s and beyond.