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Updated about 6 years ago,

User Stats

136
Posts
54
Votes
Edison Reis
  • Rental Property Investor
  • Kelowna, British Columbia
54
Votes |
136
Posts

House ownership NOT a priority for millennials

Edison Reis
  • Rental Property Investor
  • Kelowna, British Columbia
Posted

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 ?

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