Millennials and Real Estate

14:06
 
Share
 

Manage episode 184481730 series 1265475
By Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio streamed directly from their servers.

Millennials approach real estate investment differently from the other generations. It’s easy to determine their preference by looking at where they put their money on - travel, wine, retail, a cup of coffee. They buy practical things and prefer open layout living spaces that are not bigger than what they would need. So, the question is, are Millennials really that far off from buying real estate?

Today, I talk about some updates on the Millennial generation - their buying power and capacity, and their general mindset regarding real estate investment. I also discuss some of the characteristics of Millennials that set them apart from the older generations and the reasons behind the statistics and survey results about Millennials and their spending choices.

Millennials aren’t going to compromise their experiences in exchange for a big mortgage.

In This Episode of Real Money Talks:

  • Statistics of home buyers according to generation
  • Rules of thumb for Millennials who want to invest in real estate
  • What to do if the mortgage lender requires you to have a job
  • Downsizing versus rightsizing
  • Norms and statistics regarding money allocation
  • Trends in transferring the family wealth from one generation to the next

Subscribe, Rate & Share Real Money Talks!

Loral Langemeier is on a mission – to educate and empower the Real Money Talks community on how to have those important money talks that are straight, to the point, and can be applied to every aspect of your life. So, tune in every Monday, Wednesday, and Friday on iTunes to learn, ask Loral a question, and create your path to financial freedom! Don’t forget to leave a review and grab your free gifts on AskLoral.com!

146 episodes available. A new episode about every 4 days averaging 19 mins duration .