Condos & Young Buyers
Today's twentysomethings are committing to mortgages about three years younger than the two previous generations. The average young professional buys a home at age 26 these days—and for the first time, they're making up a significant chunk of the condo market. Because of that, condos are being designed much hipper and cooler.
I bought a condo a year and seven months after renting a place. I had help from my parents on the downpayment. After I was married, we stayed there nearly two years until we bought the house we're in now. The only way we were really able to afford the housing market was because of the money we made on the condo. It was a great investment at the right time.