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

Forum Index » Real Estate

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=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[/quote]

This isn't what the article says. It says a lot of younger people don't see financial value in starter homes because the cost is mostly so prohibitive as to call it a starter home.

It says nothing about what younger buyers want in a house either in terms of size, renovations, or finishes. It simply says they cannot see investing in homes with the purpose of selling in 5-10 years as a sound strategy. And they're right. It may one day have been but interest plus purchase prices plus the uncertainty in the economy make it so that you may have to choose between retirement savings and home ownership savings and car savings and homes are not as prioritized.[/quote]

In addition … I’m not sure that it was ever actually the case that people in large numbers consciously bought “starter homes” with the plan of moving in 5-10 years on the assumption that they would be able to buy a more expensive home, with the exception of the period before the financial crisis, and we all know how that worked out. I think people buy what they can afford. And these days most people in their 20s cannot afford a SFH. [/quote]

Stop making sense! It's so much more fun to shit on millenials. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics