Millennials want to be homeowners more than they want to travel or get married.
There’s a formula to adulthood that we’ve all be taught to follow – find a partner, move in together, get married, buy a house. And it’s supposed to happen in that order. But millennials are shaking things up a bit with buying a house at the forefront of their minds – sometimes before they even have any partner at all.
That means that people are buying houses BEFORE the whole marriage thing. The only hiccup? We don’t really have money for it. With all of our extra cash going towards rent, bills, and student loans, it’s hard to even think about the amount of money a house would cost us. We simply don’t have it! But if we were to spend money on anything, it wouldn’t be a lavish wedding it would be a house of our own.
All we have to do is give up the pipe dream that we can live in our favorite city for the rest of our lives. The fact of the matter is that we simply can’t afford it. We may be killing the housing market, but we sure do want it!
Source: Vox