Boston condos for sale. It appears that Millennials are struggling to come up with a down payment to pay for a Back Bay or Beacon Hill condo for sale, but the money woes don’t stop there. According to a recent report millennials pay less than the traditional 20 percent down on a Boston condo for sale, said a new survey released by St. Louis-based Clever Real Estate, a referral service . This leads to high monthly payments and, sometimes, buyer’s remorse.
Also, a lack of funds to start with means many use credit cards, or loans, for home renovations, respondents said. The Clever study was collected in late April and included 1,000 homeowners.
One in five said they were spending more than 50 percent of their income on household expenditures, including a mortgage.
Nationwide, millennials often use debt to pay for home renovations, unlike baby boomers who mostly use cash. Millennials were three times as likely to use a personal loan for repairs, and twice as likely to use a credit card.
Despite some struggles with maintaining their own place, 72 percent of millennial homeowners said they were proud to own a home.
Today’s newest Boston condos for sale
Sorry we are experiencing system issues. Please try again.
Boston Beacon Hill condos for sale
Charlestown Boston high rise condos for sale
Charlestown Navy Yard high rise Boston condos for sale
Fenway Boston luxury high rise condos for sale
Financial District luxury high rise condos for sale
Highrise Boston luxury condos for sale
Midtown/Downtown luxury high rise condos for sale
North End Boston luxury condos for sale
Seaport District high rise condos for sale
South Boston high rise luxury condos for sale
Waterfront Boston luxury condos for sale
West End Boston condos for sale
Beacon Hill luxury condos for sale
Back to Homepage
Beacon Hill condos for sale
Boston Midtown Condos For Sale