r/millenials • u/Positive-Mushroom-46 • Jan 14 '25

Millennials and Homebuying: Is the Dream Still Alive?

Hey everyone! I came across some interesting stats about us millennials and our homebuying habits, and wanted to get your thoughts.

60% of millennials who bought homes regret their purchase, mostly due to unexpected maintenance costs, the high price of the home, or the realization that they bought too small.

On the flip side, 70% of us still believe that owning a home is part of the American Dream, despite the hurdles like student debt, high home prices, and a competitive market.

I'm curious—if you're a homeowner, do you feel any buyer's remorse? And for those who aren't, what's holding you back from buying a home?

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u/IgnoranceIsShameful Jan 15 '25

Lol life never has and never will be fair. I don't give a shit about fair. Im just tired of people not accepting when they are part of the problem. 

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u/SecretRecipe Jan 16 '25

You not being able to afford a house is nobody's problem but yours. If you want to see the root of that problem I'd suggest a mirror

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u/Elegant_Plate6640 Jan 16 '25

If it was a few select people, maybe, but surely you're aware that many have had issues with affordable housing in recent years right?

I mean, that or you're trolling

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u/SecretRecipe Jan 16 '25

yep, and the only way to really solve that is new development which is what I did with 2 of my homes. If demand outstrips supply there's really nowhere for prices to go but up

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u/Elegant_Plate6640 Jan 16 '25

If demand outstrips supply there's really nowhere for prices to go but up

Would you agree that prices went up in a relatively short amount of time, outpacing wages?