“None of us in the doubles really want to pay for the singles.” Rent: Millennials are causing apartment rental demand to soar.
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3. Millennials Don’t Want to Own Homes Closely related to the theory that millennials like cities over suburbs is the idea that they like renting rather than owning. That goes not only for where they live, but also what they wear, what they drive, and more.. In terms of homes, the trope that millennials simply aren’t into ownership just isn’t true. So what do millennials buying homes really want, and where do they want to live? Heading out to the suburbs.
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Millennials and Their Housing Choices. The choices Millennials have when it comes to buying homes depend on the area they wish to live. Many Millennials want to be close to work and other facilities, but at the same time outside the urban area. Even though many would like to have the possibility to live in a suburban home, this is not always.
The issue here for Millennials is that whether or not they want to live like this, they may well have no choice. The option of renting my own place that was open to me more than a dozen years ago (let alone buying one, as I later did) is a lot less accessible now, due to rising rents.
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What Millennials Want From the Housing Market Posted on January 26, 2016 by Amanda Reaume 1 Comment Millennials (born between early 1980s – early 2000s) are entering their prime home buying years – so they should be dominating the real estate market, right?
His family doesn’t want him to move. “Everything we know is here,” De La Cruz said. “It’s a tough decision for both of us..
Turner said that Santa Barbara needs to build housing for millennials. "Millennials want housing," he said.. It’s not really about the life within the four walls that we live in. It’s really.
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There are about 75 million Millennials, which means there are 25 million young adults living in the nation’s spare bedrooms, basements, and bonus rooms. This reality can help us understand where housing prices are headed. The housing market is heavily driven by household formation.