Property Brothers Jonathan and Drew Scott still believe in the opportunity to grow wealth through real estate investing, but there are important factors to consider in today's market, they told CNBC's Diana Olick at a recent CNBC Your Money event.
"I absolutely do believe in homeownership as a good investment," Jonathan said.
One of those key factors: Individuals should only invest in property on their own timeline, Jonathan said.
"As soon as you're desperate to get into a property, you're going to make a bad decision."
Buyer's remorse is common among recent homebuyers: 82% of people who bought homes in 2023 or 2024 have at least one regret, a recent survey from real estate company Clever found.
Persons:
Jonathan, Drew Scott, CNBC's Diana Olick, Jonathan said, Clever
Organizations:
CNBC
Locations:
homeownership