E58 Millennials Think Owning a Home is Impossible (Podcast)

E58 Millennials Think Owning a Home is Impossible 956x538 blog

Summary

  • 40% of millennials feel homeownership is completely out of the question for them
    • 42% of millennials say they want to buy a home but just can’t afford it
    • 29% of millennials feel they will never be able to afford a down payment
    • 27% say the only way they will ever own a home is through inheritance
  • Why so pessimistic?
    • 47% believe that buying a home now is a lot more difficult than it was 30 years ago
    • 49% have trouble just finding a job
  • How desperate are Millenials to own a home?
    • 30% of millennials feel they have a better shot at landing a date with an A-list celebrity
    • 47% would never post on Instagram again
    • 29% would give up their iPhone, forever
    • 25% would go to jail for a week

Relevant links: https://nypost.com/2019/02/15/a-lot-of-millennials-think-owning-a-home-is-impossible/

Buying a home? Pick up a copy of my book:

home buy cover

How to Buy Your Perfect First Home: What Every First-time Homebuyer Needs to Know

Available at Amazon.com

Questions answered in the book:

A testimonial from a reader:

⭐⭐⭐⭐⭐ “Very comprehensive – covers all important points and even points I hadn’t considered.  Style is straightforward, practical, no BS… and I liked that there was even a little bit of humor sprinkled in. Loved the checklists — what questions to ask; what to look for during open houses; how to get finances in order; etc.”

*Disclosure: Links to my book are “affiliate links,” and as an Amazon Associate, I earn from qualifying purchases.