How Does Generation X and Generation Y Feel About Homeownership

Let's first talk about the Generation X and Generation Buyer and their belief in homeowners and whether or not they are going to jump in.  There has been way too much written about the fact that, well that generation doesn't believe in homeownership. That generation wants to be much more mobile.  That generation had too much student debt.  That generation likes living with their parents and theirs parents love have them living there.

There are all sorts of people writing beautiful essays on the fact that homeownership is dead in the country, because that Generation has decided that homeownership isn't important.

Well, let's look at the facts.  Let's not look at what people are thinking. The facts are number ONE - 43 percent of the X and Y generating are already homeowners.

Seventy-two percent say that homeownership is part of their personal American dream.  Not a part of the American dream, part of their personal American dream.

Ninety-three percent of those generations that are currently renting plan to purchase a home.  

So the people telling you that they don't plan to purchase a home, well the problem with this is every survey out there, including this one, shows that over 90 percent of the Generations X & Y plan to purchase a home sometime in the future.