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re: Are we at a generational housing peak?
Posted on 3/11/17 at 12:19 pm to autodd03
Posted on 3/11/17 at 12:19 pm to autodd03
quote:
Do you consider millennials to be pent up demand or a paradigm shift?
It's hard to really know, but I've always viewed it optimistically. I think there is a lot of pent up demand, mainly due to the burden of student loans of millennials. That said, there are lots in the group that don't seem to want to have kids or own a home. For now anyway.
2
Posted on 3/11/17 at 12:33 pm to TigerDeBaiter
The selfie generation is being raised to believe that they are the most important things in their lives. There is no such thing as personal sacrifice for like a family or a stable home to raise that family, so why would you Burden yourself by having kids? How does that help you have fun? Why have a house? Marriage is fun but if it gets tough, you can't be stuck with a house. Maybe around 35 when their looks start to fade you can find someone with no debt and a good resume to settle with. Perhaps get a dog for the first 10 years and then have a kid in mid 40s. If all goes well. In the mean time, look at me! Look at me! Snap snap snap omg this dinner is to die for!
Posted on 3/11/17 at 1:08 pm to TigerDeBaiter
The awe of home ownership is not what it used to be. I only have a handful of friends who own rather than rent.
I view a lot of the value of renting as the flexibility. I can move across country on short notice if I need.
In short, the view of a house as an investment is dying. A house is an expense and my long-term wealth is not dependent upon equity in a home.
I view a lot of the value of renting as the flexibility. I can move across country on short notice if I need.
In short, the view of a house as an investment is dying. A house is an expense and my long-term wealth is not dependent upon equity in a home.
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