Genz and millennials don't want your small starter homes want forever homes now

[Anonymous]

Rather than climb the ladder we will wait for the forever big home. Sorry please tear down those little homes and ensure you provide recently renovated or new larger homes

https://www.newsweek.com/gen-z-millennials-dont-want-buy-starter-homes-2069778

[Anonymous]

I guess I see both sides, on one side some don’t like moving. But also I can see how it can come across as entitled.

[Anonymous]

Anonymous wrote:I guess I see both sides, on one side some don’t like moving. But also I can see how it can come across as entitled.

The article doesn't make it sound nearly as entitled as OP seems to think it does.

[Anonymous]

The corporations are buying those small homes so they can rent them for high prices.

[Anonymous]

I want a small luxury home. I like small things. I'd love for someone to build a small luxury car that's not a Mini Cooper.

I am still in my tiny "starter" home, despite having the millions to afford something larger... because I LOVE MY HOUSE.

So no. Not everything is as you say.

[Anonymous]

Despite all the btching, millennials are the richest generation in history. And they don't give a fck about having kids, so that expense is out of the way. They want big houses and nice cars. Millennials are just Boomers 2.0.

[Anonymous]

I also like small homes. I'm in my 40s and own a condo which has appreciated well (hot neighborhood that has gentrified while I lived here) and want to sell it and buy a nice, small home with a small yard or just a patio (outdoor space but low maintenance) and opportunity to install solar panels and a EV hookup.

It's harder to find than I thought it would be, especially in desirable neighborhoods. And I'm happy to buy renovated or unrenovated, I just don't want a hideous flip.

I don't get why people want such large homes. It multiplies the cost of everything -- furnishing, cleaning, repairs and renovations, energy usage, etc. plus big homes require more land and often come with bigger yards that must be landscaped and maintained. I like gardening but hate mowing the lawn and just want room for garden planters for vegetables and a little space for flowers.

I don't get it. Are millennials all having tons of kids?

[Anonymous]

Anonymous wrote:Despite all the btching, millennials are the richest generation in history. And they don't give a fck about having kids, so that expense is out of the way. They want big houses and nice cars. Millennials are just Boomers 2.0.

Only a small percentage of millennials are wealthy though bc the income gap is the greatest it’s ever been w this generation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Despite all the btching, millennials are the richest generation in history. And they don't give a fck about having kids, so that expense is out of the way. They want big houses and nice cars. Millennials are just Boomers 2.0.

Only a small percentage of millennials are wealthy though bc the income gap is the greatest it’s ever been w this generation.

PP, and I agree. And they're demanding big houses. For all the supposed hate between the millennials and boomers, history is definitely rhyming with their extravagant tastes and puerile entitlement.

[Anonymous]

I lived in my starter home 10 years before moving up, but honestly it's very inefficient to move multiple times. It makes much more sense to just start in the house you plan to stay in, if you can afford it. Staying means less transaction costs, less upheaval / school change, less furniture bought and discarded, etc.

Plus if you start big, you have space during the gear-intensive baby/toddler years: parking a stroller and balance bike in the rowhouse entry was "fine" but it sure would have been nice to have a garage like I do now.

[Anonymous]

Well, I don’t want you to have my small renovated house in a great neighborhood. So we agree. Go find a great big house and try to be happy. We are.

[Anonymous]

Millennials are age 29-44 at this point. They are quickly aging out of started home territory. Most of them already own homes, so this article is misleading and not very accurate.

[Anonymous]

Anonymous wrote:I also like small homes. I'm in my 40s and own a condo which has appreciated well (hot neighborhood that has gentrified while I lived here) and want to sell it and buy a nice, small home with a small yard or just a patio (outdoor space but low maintenance) and opportunity to install solar panels and a EV hookup.

It's harder to find than I thought it would be, especially in desirable neighborhoods. And I'm happy to buy renovated or unrenovated, I just don't want a hideous flip.

I don't get why people want such large homes. It multiplies the cost of everything -- furnishing, cleaning, repairs and renovations, energy usage, etc. plus big homes require more land and often come with bigger yards that must be landscaped and maintained. I like gardening but hate mowing the lawn and just want room for garden planters for vegetables and a little space for flowers.

I don't get it. Are millennials all having tons of kids?

We were in a small 3BR house and loved it (except for the small kitchen), family of 4, but when we moved geographically we needed spaces for both parents to work from home- and that led to us needing a pretty big home.

[Anonymous]

I don't give a flip what millennials want. So sick of that whiny, entitled generation. Here's hoping they have to rent forever and never get out from under their student loan debt.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Despite all the btching, millennials are the richest generation in history. And they don't give a fck about having kids, so that expense is out of the way. They want big houses and nice cars. Millennials are just Boomers 2.0.

Only a small percentage of millennials are wealthy though bc the income gap is the greatest it’s ever been w this generation.

PP, and I agree. And they're demanding big houses. For all the supposed hate between the millennials and boomers, history is definitely rhyming with their extravagant tastes and puerile entitlement.

I guess my point was that the majority of millennials cannot afford even a starter home because of this extreme income inequality and the ones in this generation who are “demanding” and “entitled” are a very small percentage of millennials. Also, millennials are ages 29-44 now and most are struggling financially even though they’ve been out of college and working for many years at this point. They are Not just starting out their adult lives—that would be gen z.