Pros And Cons Of Millennials

The case shows that their current end customers tended to be baby boomers (born 1946 – 1964) and generation x (born 1965-1984). Many of the baby boomers owned their owned homes and showed that they achieved personal

In conclusion, homeownership in the United States have decline over the past years even being the lowest it has ever been, but has had an improving and strong market beginning in 2012 after a 27% decline from the 2006 peak, and the increasing homeownership rate is a worthwhile policy to allow the United State economy to

In an effort to save money and lower debt, more and more millennials are turning living in their parent's basement from the punchline of a bad joke or sitcom fodder into an accepted, and even

Despite this fact, home ownership in the economic and social landscape of today is a big responsibility. Economically, most millennial most likely cannot afford to own their own home. A mortgage is a much larger payment than rent for an apartment. Similarly, owning a home means paying for gas, electric, water and furniture to fill a house; this also includes any grounds upkeep depending on the home’s location and property taxes. Socially, Millennials seem to be straying away from owning a home because it

The economic decline has possible home buyers, especially first time home buyers, scared to invest anything into the housing market. With the fear of another depression in the back of everyone's minds, some businesses are attempting to clarify the pros of home ownership.

Millennials living at home. At first, he uses the growing numbers of Millennials living with their parents in comparison to other generations as a sign of laziness in Millennials. Even when discussing the positive aspects of Millennials and their financial knowledge, he makes more snide comments about how easy it is to be financially stable if Millennials aren’t using their own money to begin with, but instead their parents’. It’s ironic that despite speaking so positively about Millennials at the end and how numbers don't mean everything, he still remains negative about Millennials housing situations based on numbers

It would not be a good idea for young adults to start off with a big responsibility, and not be able to fulfill it. Things changes during this time in someone 's life, and because owning your own home is a large commitment. It just makes more sense to start off with renting.

We, more than any other age, want stability. No one wants to see that in us because it’s a tough fight to get it, but we want to self-manage and have financial certainty. Houses mean something entirely different to us than to others. We don’t see houses as necessities or obligations. We don’t take mortgages lightly or settle into some place we’re not happy with. The real estate market has some new customers who are taking their choices seriously. To us, that house has to be earned, and it’s also an investment. We don’t feel an obligation to settle into that house; we want it because of what it offers us. That house can grant both stability and financial security. Making an investment like that is something that overjoys a generation still shaken from the uncertainty of the market crash. When we make investments, we become adults. There is nothing scarier or more exhilarating than stepping away from an age where we can’t control the world around us into being at the wheel. The housing market may not have the same customers as it once did, but these customers are ones who aren’t taking any decisions lightly. Stepping from dorm to apartment to renting and, finally, to owning a home is a terrifying journey. Nobody should take it lightly, but we should take it. We’re ready to take on mortgages and handle the economy in a new

A core tenet of the American dream is home ownership. At the turn of the century, young adults were buying homes. However, since the bursting of the housing bubble and the resulting mortgage banking crash, the rate of younger Americans purchasing a home has fallen sharply. Many millenials – those born between 1981 and 1997 – want to own a home, but doing so is financially beyond their reach. Half of recent college graduates have no full-time job (Kadlec, 2014), and those that do may be described as underemployed. The increasing diversity of that demographic is positively correlated with the downward trend in personal economic health (Drew, 2015; Myers & Simmons, 2017). The worsening financial strain leads young adults to postpone marriage and family, which also reduces the need for them to own a home. In fairness, the problem faced by millenials is only a microcosm of that faced by the populace as a whole. Home ownership for the population as a whole is the lowest it has been in over 20 years (Fry & Brown, 2016).

Homeownership is a double-edged sword. It is the “American Dream” to one day own a house. Compared to their predecessors, Millennials are seeing the advantages and disadvantages of homeownership at an earlier age.  These early generations believed owning a house was the cherry-on-top to being an all-around American and achieving the “American Dream”. As a cynical generation who grew up with information at our fingertips and the world falling around us, millennials see homeownership differently. “The cautious and conservative approach to home buying displayed by millennials is driven by the fact their outlook on life was shaped by a number of bad things when they were young—the terrorist attack on the World Trade Center in 2001, the 2008 financial crisis, the housing bust with mass foreclosures and a weak recovery that has so far provided incomes below that of prior generations” (Stowe England, 36). We learned that the world was not fair and that it is time to redefine the “American Dream” to reflect our current economic society.

When someone makes the decision to buy or rent a home they must consider the advantages and disadvantages of each. In buying a home the primary advantage is that you actually own it. You can do whatever you want with it. Also, you are building equity as the years go by. “People today have problems saving for their future” (CNN Money, 2014). However, when they buy a home, the

Today millennials are seemingly unaware of the benefits of homeownership. I know this because of the lack of effort given by most of this group to do what it takes to become a homeowner. I currently work a supervisor at a debt collection agency here in Anchorage, AK. I see more and more individuals who seem to not car about bills that are in collections. A lot of younger consumers are seeming to hang up, not care or get overwhelmed by so many bills, especially medical. It’s very unfortunate when you know someone care about their bills and credit and just happens to get in binds. However, I find this is not the case with younger consumers. Paying bills are just not a priority it seems. I was born March 27,1989. For me when I was in high

Thesis: Home ownership provides greater potential gains than renting, while renting provides superior financial flexibility.

The information has already been provided that sense the the housing market crashed people in general have been apprehensive to purchase homes. But even more so to the new generation of millennials. And even current events are shaping the future of home ownership, like the new revision on taxes. So does most certainly understandable to why people would be so wary of the dangers, and struggles of buying a home. And how it might be all together easier not to buy one.

Thesis Statement: Buying a home has many advantages and disadvantages but for many people the good overpowers the bad.