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

[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.

Rhyming?

[Anonymous]

Anonymous wrote:All of my friends who want a house have one. The few holdouts I have are friends who like their city apartments and don’t want to do any upkeep.

These anecdotes aren’t useful to describe a whole generation. You are probably friends w people who are in a similar income bracket to yourself. Therefore, you don’t know the many, many people who cannot afford homes.

[Anonymous]

Anonymous wrote:

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.

Most of my millennial friends either had 3 kids or no kids and are living in an apartment and traveling nonstop. So yes us rich millennials do need the big house for our 3 kids. At least a 5 bedroom because a home office has become a must too

I feel seen

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

51% of millennials own homes so no, it is incorrect to say that “most” own homes.

do you know what 51% means?

🤣 yes. 51% is technically “the majority” but when I hear “most” I think more like 75%+ of a group. Just barely over half doesn’t equal “most” in my book.

[Anonymous]

Good. I’m starting in mine till I die.

[Anonymous]

Younger millennial here (1993) - Bought a small starter SFH close-in and I’m conflicted on it. It’s perfect for us now but we’re gonna outgrow it fast. We way under bought so we’re always wondering if we shoulda just started with the forever home to keep things easy. Not sure if we regret it cause we LOVE our neighborhood but the starter house itself... idk if I’d do it again.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Where are these smaller starter homes?

I live in 22181-Vienna- and the original mid1950s “starter” homes in 22180 are disappearing monthly - all being razed with enormous homes replacing.

Even a vintage Vienna Woods house is selling for 850k+

There are plenty of starter homes in places that you are not willing to live. https://redf.in/uUlxmm
This house is near the VRE. It has an easy commute to DC and Alexandria.

Yes, this person is just snobby and not willing to live somewhere they can afford .

[Anonymous]

I'm a millennial and so are most of my friends. The people I know are mostly in apartments, condos, and townhouses. I know one person in a larger house.

[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.

100% this. They call their parents selfish, but they are far more selfish and entitled than their parents (and it shows, girls, it shows).

[Anonymous]

Anonymous wrote: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

Clickbate garbage articles from a long discredited "news" source. It's a tabloid basically.

Say some ridiculous headline and a garbage A.I. written article.

[Anonymous]

Anonymous wrote:I'm a millennial and so are most of my friends. The people I know are mostly in apartments, condos, and townhouses. I know one person in a larger house.

This is just the people you know. Around 90% of homeowners live in single family detached homes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm a millennial and so are most of my friends. The people I know are mostly in apartments, condos, and townhouses. I know one person in a larger house.

This is just the people you know. Around 90% of homeowners live in single family detached homes.

Not accurate for DC and its close suburbs, which is where we all (people on this forum) live.

[Anonymous]

Anonymous wrote:

Anonymous wrote: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

Clickbate garbage articles from a long discredited "news" source. It's a tabloid basically.

Say some ridiculous headline and a garbage A.I. written article.

It’s sad how people really fall for these media companies that are riding off of a historically prestigious brand but these days it’s just a low quality content farm slop churning out a thousand “millennials are killing the raisin industry” articles.

Like Forbes—most of its content is now written by so-called contributors who are wildly unqualified and are there to self-promote / write about their friends’ companies.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm a millennial and so are most of my friends. The people I know are mostly in apartments, condos, and townhouses. I know one person in a larger house.

This is just the people you know. Around 90% of homeowners live in single family detached homes.

Not accurate for DC and its close suburbs, which is where we all (people on this forum) live.

Well if you are too snobby to live in Woodbridge or Takoma Park, that is your problem. There are plenty of affordable single family homes in the DC metro area. Not everyone can live in Kalorama.

[Anonymous]

I definitely wish we would have stretched a bit more when we bought our house. But with interest rates now plus house appreciation, (we could sell for a lot more but anything we would want to buy is a lot more) we’re pretty stuck in what we have now. We love the location though and we’re not moving until our child graduates from HS-in 10 years!
My point is that starter homes are over. Try to buy what you think you can live in for the rest of your life!