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JUL 19, 2013 - Business Insider

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More 20-Somethings Are Buying Million-Dollar Homes Than Ever Before, Thanks To Startups And Rich Parents

Real estate brokers say millennials are buying homes – and expensive homes – like never before thanks to wealthy parents and the tech boom, Wall Street Journal's Lauren Schuker Blum reports. The younger generation also thinks houses are a safer investment than the stock market."In the last two months, half the folks I sold homes to were young entrepreneurial types—and they were all buying homes for over a million dollars," Washington D.C.'s Michael Rankin of TTR Sotheby's International Realty tells WSJ. He says those kinds of buyers didn't exist a few years ago.  ... Read More

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