wealthwire.com / By Brittany Stepniak / December 7th, 2012
Americans don’t seem to settle down at young ages anymore. Their careers and relationships tend to pull them all over the United States, but once people enter their 30s, they tend to start thinking about home ownership.
That’s very good and well, so long as you understand the risk-factors associated with your home location of choice. According to Forbes, new home buyers should be cautious of the type of workers who reside in the states of interest.
Are more folks in the nearby neighborhoods reliant on government jobs and government welfare than those who hold steady jobs in the private sector? If the answer is yes, don’t buy in these areas.
In these uncertain financial times, investors have to be selective. They have to be extremely careful when dividing capital, acquiring real estate, and diversifying their portfolios. If you’re an investor interested in the benefits of home ownership, we urge you to take a look at 11 states where you should rent, not buy.