The American dream has evolved
By Sarah Jones | inman
(Editor’s note: Opinion pieces are posted for discussion purposes only.)
I’m a member of the millennial generation, I’m a Realtor and I’m a renter.
What if the next disruption in real estate is not a new technology? What if the next disruption is instead a generation — a generation that does not value homeownership the way prior generations have.
The real estate industry will tell you that millennials have thus far delayed homeownership. Perhaps delayed is not the right word, and instead millennials are forgoing homeownership for other reasons.
You’ve probably heard plenty about student loan debt as a key reason millennials aren’t buying. Is that the case for some? Sure. But what I hear way more often are reasons of flexibility and convenience.