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frazzled

(18,402 posts)
5. My family's millennials must not have gotten the memo
Mon Jul 8, 2019, 02:22 PM
Jul 2019

Because, oddly, just today I learned that my niece and her soon-to-be husband just put in a bid on a place, and that her brother (my nephew) just signed a contract on a house. My daughter and her spouse bought a first house in June. Three in the family who had been renters for fifteen years or so, just decided to take the plunge.

All of these kids are in their mid- to even slightly later thirties, which puts them on the older edge of the millennial generation.

That’s around the age my husband and I were when we were able to buy our first little house ( we had 2 kids by then). Interest rates back then were 8-9% (and salaries were far far lower), as opposed to 3-4% right now. So maybe things haven’t changed that much.

Millennials are also are marrying later and having children later, in addition to purchasing homes later. They’re growing up later, too, as reported in studies of the increasing age of “adulthood.”

Give the younger millennials time. In a few years, they will be looking to buy too, maybe.

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