Millennials Case Study

833 Words2 Pages

The Great Recession forced people to look at house ownership differently. People began to worry that their house value could drop, resulting in a loss of money. This concern was especially prevalent in Millennials who have currently been very slow to buy a house of their own. The fear of buying a house has held them back from living the American Dream, however they have some valid concerns for why they refuse to invest in a house. The pros of homeownership for Millennials is the fact that they are the up and coming working class. They are the ones that are beginning to make money, and they have money to spend. As a result, they should keep prices for houses competitive. This class of people are the ones actively looking for houses or a place …show more content…

They often don’t believe we are making the right decisions and saying the right things just because we have no experience in the area. This is a common mishap, as most Millennials are very well educated on different parts of the house buying experience. This opinion can lead to many older people ignoring interests in their houses from younger people because they don’t think they are serious buyers. Millennials are also very weary to buy a house because it’s such a big investment and they don’t want to lose money. Since millennials are just starting to make money out of college, they haven’t had much experience with saving money. So, they must make a decision to either save their money and put it into their bank account, or to spend their money on a good investment. The problem with Millennials thought patters right now is the fact that they don’t believe buying a house is a good investment and they fear that their money will be lost if they do …show more content…

This could be due to factors like constant work location changes or just the want for something new. Millennials seem to have a much shorter attention span, and this carries over to them wanting to change up their atmosphere constantly. Even if it means living in a neighboring city, we want to change up where we live to experience something new. Another factor could be another house market crash. More people will see the potential disaster that could happen at any time, and Millennials especially will stay away from house

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