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Millennials aren’t buying houses and are fed up with the housing market nonsense.
They are also fed up with the moving goal post of the American dream... Thoughts?
Millenials etc are at the pointy end of very poorly timed population bubble.
EVERYthing will be tougher because of the greater demand for X that their numbers dictate...
and the inability of so many of their generational siblings to ever afford X.
Who do you suppose those people will look to for 'basic income' in a few years?
Location: Sarasota/ Bradenton - University Pkwy area
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Apparently millennials are not paying their rent or utility bills either.............
More than three in 10 (35%) adults admit they still have at least one bill on their parents’ tab.
According to a new poll of 2,000 Americans, the top three expenses still paid by parents are rent (19%), groceries (19%) and utilities (16%).
In fact, almost one-quarter (24%) of millennials polled say their parents cover their rent.
About three-quarters of those respondents (72%) plan to take on these bills themselves within the next two years, but 30% admit they will be riding the wave until they’re told otherwise.
Another 31% are trying to save money, saying it is cheaper to stay on their parent’s plan.
Conducted by OnePoll on behalf of Chartway Credit Union, the survey showed that despite not managing all of their expenses, 85% of respondents consider themselves to be financially responsible.
My wife and I are millenials. Bought my first house at 25, still own it and rent it. Bought my primary residence in 2019. We have 1 kid with another on the way.
A majority of my friends have homes that they own and many also have kids. I love the generalized statements about generations as if it's a generational problem/issue. It isn't.
We all know the world isn't having enough kids, check out this chart for global birth rates. Globally birth rates are declining and it's becoming a major issue in some countries.
My wife and I are millenials. Bought my first house at 25, still own it and rent it. Bought my primary residence in 2019. We have 1 kid with another on the way.
A majority of my friends have homes that they own and many also have kids. I love the generalized statements about generations as if it's a generational problem/issue. It isn't.
We all know the world isn't having enough kids, check out this chart for global birth rates. Globally birth rates are declining and it's becoming a major issue in some countries.
You know... you just proved the point your are contenting, right? It's math
My wife and I are millenials. Bought my first house at 25, still own it and rent it. Bought my primary residence in 2019. We have 1 kid with another on the way.
A majority of my friends have homes that they own and many also have kids. I love the generalized statements about generations as if it's a generational problem/issue. It isn't.
We all know the world isn't having enough kids, check out this chart for global birth rates. Globally birth rates are declining and it's becoming a major issue in some countries.
There are way too many people in the world. Yes, I get the demographic issues, but the planet has a finite amount of space and resources.
The big issue, at least in the US, is population distribution. There's tons of work available in big cities, and not much relatively in the interior of the country. You have a lot of people chasing relatively few available properties in the areas where there are jobs.
There's tons of work available in big cities, and not much relatively in the interior of the country.
You have a lot of people chasing relatively few available properties in the areas where there are jobs.
(therefore) The big issue, at least in the US, is population distribution.
Relocate the un, under and no longer employed?
Get the deadwood out of the jobs & housing equation.
Millennials aren’t buying houses and are fed up with the housing market nonsense. They are also fed up with the moving goal post of the American dream and are looking to retire outside the country so they can live comfortably. Also opting out of having kids. I believe America is going to look a lot differently in the future. Thoughts?
I don't agree. There are opportunities throughout the country. If someone wants to own a house they can develop a plan and make it happen. Some younger buyers are hung up on the fact that they can't buy the house they want in the place they grew up in an affluent suburb of Boston, NYC, SF, etc. Although it is more pronounced today, this is an age old problem. In the past, younger buyers bought small homes of less than 1000 sq ft that were outdated and/or in need of repair in less desirable locations and moved up as their income improved. Seemingly, fewer people are willing to take that path today.
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