House ownership NOT a priority for millennials

[Edison Reis]

As recently presented in a REIN annual meeting, less than 10% of millennials have home ownership as one of their goals in life. (Actually this is good news for us as rental accommodation providers)

They are staying longer their parents and latest stats are pretty telling 

We are facing a generation of “pay as you go” ( No loans, ties or long term commitments)

- Amazon prime and Netflix (instead cable) 

- CoOp vehicles / sharing (instead loans or leases)

- House and vacation home sharing

I see this new reality as an opportunity, but what’s your take on it ?

[Jason D.]

@Edison Reis I find it strange that less than 10% say homeownership is a goal, but almost 40% own their home.... my take is that they are starting later, mostly due to student loan debt. But they are starting everything later (home ownership, marriage, children) so it's just a matter of time before they are in a position to purchas at the same rate as other generations.