Living the Dream of Home Ownership– Even before age 30
Whatcom County Living – Life in the Great Pacific Northwest
Meet The Dicksons
The Dicksons, Aaron and Jennifer of Lynden, Washington, look like many other couples who met and married after college and soon added children to the family. There’s a few toys here and there, a giggle or two, and a slightly tired but smiling mother and father. They are clients of mine, and I consider them friends.
They are sitting in their own home and are quite different than other families for several reasons.
Yet this young family, who are barely 30 (check) have not bought just one home but SEVERAL homes as they worked with me.
According to the National Association of Realtors (NAR) in its 2017 Home Buyer and Seller Generational Trends Report, buyers ages 36 and younger aka Millennials or Gen Yers comprise the largest share of homebuyers at 34 percent of the market. Sixty six percent of these buyers, the annual report says, were also first-time home buyers.
NAR says that all generations of buyers continue to consult a real estate agent or broker to help them buy and sell their home. While the most common type of home purchased continues to the detached single-family home.
While the median household income of home buyers nationally in 2015 was $88,500 (and those between the ages of 37 and 51 reported incomes in the $106,600 range), not all homeowners match those statistics for a Whatcom County, Washington marketplace.
Back to the Dicksons. Jennifer and Aaron were both standout basketball players in their college years, enough to garner full ride scholarships to help pay for college tuition. As they entered into the rest of their adulthood and marriage, they have not been saddled with the often exorbitant debt common to many (Student Loan Hero said that “Americans owe over $1.48 trillion in student loan debt, spread out among 44 million borrowers). They did graduate some but not a lot of debt. Aaron ended up becoming a music major and the two of them got married early. Jen worked two jobs to put Aaron through his senior year, allowing them very minimal debt at graduation.
While they didn’t have the debt load, they also made a decision to attend the Financial Peace University offered by author and speaker Dave Ramsey. They made the decision to live frugally as they saved up for a down payment, for Jennifer to be able to stay at home to raise their children, and to live on Aaron’s salary as a youth pastor of a church plant.
That salary was far from the average stated above, yet they indeed did – and are—making it work. In the next blog, we will get to know Aaron and Jennifer a bit more. They are a fun family that many of you most likely can relate to.
My wife and I also attended Dave Ramsey’s Finincial Peace University and I am currently enrolled in EntreLeadership Coaching to help grow as a leader. I’m excited to help you see your own dream come to life and look forward to both continuing to share about my clients, my community, and my family’s own journey toward building our own dream home in an ideal location.
Next week: Part 2 – The Dicksons are both nationally known for a viral video of family life and for becoming homeowners more than one time.