Is Owning a Home Still the Dream for Young Buyers?
Is Owning a Home Still the American Dream for Younger Buyers? Everyone has their own idea of the American Dream, and it's different for each person. But, in a recent survey by Bankrate , people were asked about the achievements they believe represent the American Dream the most. The answers show that owning a home still claims the #1 spot for many Americans today ( see graph below ): In fact, according to the graph, owning a home is more important to people than retiring, having a successful career, or even getting a college degree. But is the dream of homeownership still alive for younger generations? A recent survey by 1000watt dives into how the two generations many people believed would be the renter generations (Gen Z and millennials) feel about homeownership. Specifically, it asks if they want to buy a home in the future. The resounding answer is yes ( see graph below ): While there are plenty of reasons why someone might pre...