The Millennial generation, as defined by the Pew research center, is between the ages of 18 to 34 in 2015 and the oldest “Millennial” was born in 1981. They are projected to number 75.3 million, surpassing the projected 74.9 million Boomers (ages 51 to 69). The Millennial generation rents the most and makes up 27.3 percent of all renter households? Many are still living with their parents, much more than the previous generation at this stage of their lives. In some states, for example, upwards of 40% of millennials are living at home.
Why do Millennials rent?
It’s fortunate we live and work in Ft. Wayne. Vocativ, an online Internet blog released the 2014 livability index and Fort Wayne was the only one to make the list from the Hoosier State.
With the city now being named one of the best for Millennials, this is an opportunity to unleash an exciting new future. Ranking in the top percentile in areas such as cost of living, housing (rent and ownership) and low unemployment, Fort Wayne has quickly rose among the ranks of its peers.
My one concern for the future of Millennials is about something called “economic purgatory”. It has been described as a place where Millennials are unable to secure jobs that use their potential while being chronically overeducated and underemployed. Then you have high rents, and inability to save for a house. This has led millennials to avoid risk like the plague. They clip coupons, live with multiple roommates look for any chance to economize.”
JT Integrity Properties is here to help homeowners out of any kind of distressed situation. As investors, we are in business to make a modest profit on any deal, however we can help homeowners out of just about any situation, no matter what! There are no fees, upfront costs, commissions, or anything else. Just the simple honest truth about your home and how we can help you sell it fast to resolve any situation.
Give us a call today at 260-202-2222 to let us know what YOU need help with!