Pfft that’s stupid. Everyone knows millennials prefer to rent because settling down just doesn’t fit our lifestyle, bro.
Plus we aren’t “handy” enough to deal with all the work of owning a home.
Just kidding, it’s because we’d rather be driving for Uber or something, I don’t know.
Point is, we’re just lazy, entitled, inept children.
A boomer I know blames young people being in house debt because "they all buy houses with quarts and granite counters, hardwood floors and heated tile floor bathrooms. They skip the starter homes and go right to the forever homes".
He doesn't consider the fact that no one is building starter homes anymore. Everything has heated tile floors, granite counters and hardwood floors because the contractors are demolishing all the older "starter" homes to build luxury houses and 55+ only condos to sell to boomers who throw all their money at it. There's no profit in building starter homes anymore.
Obviously it was because we were trying to kill the housing industry.
And here I thought they wanted to live with their parents until they were 40.
Actually this does make sense, because remember reading articles about how Millennials and gen Z we're not buying groceries or eating out, which led to some article writers wondering if younger Generations even ate food.
The boomers are believing their own PR department about how lazy we are, they think that if we just walking to an office somewhere, shake the manager's hand, and just cut back on whatever it is that brings us joy, that this surplus of cash will just come flowing in and we can buy a house.
Like they really don't get it, I remember watching an old video where they were interviewing Generation X and Baby Boomers about why they thought Millennials were broke all the time, and the answers were just ridiculous. One guy who I just could not get out of my head, gave the answer that we were all lazy and trying too hard to get noticed on YouTube because being a pretend celebrity mattered to us more.
Even though at the time becoming a YouTuber was one of the fastest growing and well-paying careers. Like it never occurred to him that maybe YouTube actually was a job for some people. And it was around that time that Youtube Partnerships were a thing so yeah....
Well they finally connected dots 1 and 2, huh.
It doesn't help that companies like Blackstone are buying up homes at auction, lightly flipping them and putting them back on the market as high-priced rental properties.
News flash, the vast majority of people want to purchase a home, not continually rent forever. Yet, many can't even afford to do so. More at 11.
swear as a culture we're not just headed toward being only renters, but we're being primed for the cultural dialogue around home ownership to be about what a pain in the ass it is and how renting is just so much better. This weird, Deleuzeian dystopia where the thought of owning land is just completely foreign to most people.
I’m a millennial and own a home and can fix things. I do get experts in sometimes when I am less familiar with the job. What I found was that the previous boomer owner did a lot of things wrong. I can find the code violations, but may need an expert to come up with better solutions. I shadowed my electrician and don’t need him anymore. Still have my plumber in a bit for now.
As a GenX this narrative that Millenialls aren't buying homes is weird.
Of the people born in 1970 about 41% of them owned a home by the time they were 30. Of the people born in 1990 some 43% of them owned a home by the time they were 30. Millenialls are actually slightly ahead of where GenX was at the same age!
GenZ shouldn't really be a discussion as most of them simply haven't reached "home buying" age yet.
https://www.apartmentlist.com/research/homeownership-by-generation
It’s true. I am boycotting all the things I can’t afford, as well as all the things I can afford but no one has given me a good reason to buy.
Because then they can't tip their landlords, of course! /s
ah, you see, the trick to getting into real-estate is to have been born earlier ... and not live in Canada, some Canadian boomers are learning about that requirement now as more of them are choosing to go homeless rather than pulling themselves up by their bootstraps.
