2018-7-4 08:30 |
According to Redfin, a multi-billion dollar real estate company listed on Nasdaq, 10 percent of millennials have sold their crypto holdings to afford their first home.
The other 31 percent of millennials used unique strategies to afford a home for themselves.
They were also more likely to have received an inheritance or cash gift from family or to have dipped into their retirement savings.”
Is Real Estate Investment Better Than Crypto?
Meanwhile, real estate and commercial properties take decades to grow by large margins in the range of 50 to 100 percent.
An optimistic takeaway from the Redfin report is that millennials are starting to acknowledge cryptocurrencies as legitimate stores of value and an alternative to real estate investment and fiat money savings.
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