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Essays on millennials and homeownership
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Millennials strive to further two aspects of life: quality-of-life and success. Owning a home is a part of success, a home is a symbol of comfort, safety, and belonging. Millennials craving for a good quality-of-life means they are willing to sacrifice everything to obtain success (as well as what accompanies success i.e. home ownership). Obstacles are a part of life; however, obstacles can be minimalized with proper preparation and insight to the amount of effort needed to avoid them. Although millennials experienced the “Great Recession,” they strive to do everything in their power to avoid having to go through it again.
There is a growing sense of purpose within millennials as more is being asked of society in this day and age. It is not enough to graduate high school and even baccalaureate degrees are becoming less valuable. Millennials want to do more, be
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If homeownership is placed on display (which in some cases, it is,) in social media, then millennials will believe that is what they should be working towards and this does happen. For example, MTVs cribs showed the lavish homes of celebrities and wealthy individuals alike, when millennials see this, they too want that because that is what is portrayed within the pool of success.
Millennials are not apprehensive or hesitant towards the idea of homeownership so much as they are deterred by what the image of homeownership currently is. If it is not boisterous and extravagant, millennials do not want to achieve it because millennials strive to set themselves apart from the pack, no one wants to be average. The lifestyles of individuals have changed so much over generations and the ideas have changed as well. The American dream is being redefined on a daily basis, success varies from one individual to another just as the idea of what it means to be successful
Keli Goff declares in her article, The American Dream is Dead and Good Riddance, that the original American Dream is no longer on the minds of most Americans. She insists that most Americans no longer pursue the ideology of a nice house, educated children, and decent car that once fueled the ambitions of generations that have come and gone. A large number of people live alone in the U.S today with no children. With that being said, it’s statistically spoken that the dream is dying even though most of those loners want to direct their dream in the direction of a partner and children. Goff proceeds to ridicule the home ownership portion of the dream by pointing to a mortgage “meltdown” that came from the pursuit of home ownership by those who
Millennials are often portrayed as spoiled rich people who still rely heavily on their parents for everything. This makes them seem childish, and Matchar’s questionable usage of these terms nonetheless is an obvious jab at the poster minority. Millennials overall are hard working and put under more stress than their predecessors, and the ridicule they endure for their work is uncalled for. Therefore, the thesis’s major flaw almost entirely overshadows its main
Millennials are the first generation in the history of mankind that has such advancement of technology that can connect two humans anywhere in world face to face through a phone to being able to assist in the basic function controls of a household to having a plethora amount of social media platforms to freely express who they are. Millennial writer David Bernstein says that Millennials are "The first generation that is a global generation." The article "The Beat-Up Generation" by Abby Ellin says that " Millennials are no more spoiled or cantankerous than any other generation; they're just solving their basic needs for community and communication differently from anyone before them." DIY videos, also known as do it yourself videos, is one of many new trends Millennials have created to show simple tips and tricks to make life a little easier. From showing unique ways of cooking to tricks on how to create clothing, I have seen Millennials bright ideas come to life. Not only Millennials are finding ways to improve their own social life and interactions, Millennials are genuinely helping others around them. In an educational argument called "Millennials Don't Stand a Chance", Millennial writer David Bernstein says that " 75% of millennials have given to charity" and "...an overwhelming majority of people in this generation actually say they would take a job that pays them less money if they could have more impact in that work." Millennials at my high school are all about giving back to others through community service and going out of their own comfort zones in order to impact more people and make a difference. In the same educational argument, Millennial Jessica Grosse says "And the percentage of college freshman believing that it's essential or for very important to help people in need is
The trend for home ownership is down. Millennials, those born between 1980 and the early 2000s, are waiting longer before buying their first home. (Rent Jungle, 2015) For them, purchasing a home represents a much higher cost relative to income than it did in years past. To illustrate this point, in the 1970s, the cost of a house represented about 1.7 percent of annual income; today that figure is at almost 3 percent. (Rent Jungle, 2016) Single-family home prices are continuing to trend upward (Hanley Wood Data Studio, 2016), making home ownership an unaffordable option for
One significant pro to millennials owning a home would be that they would have to learn fiscal responsibility. Millennials tend to have a habit of spending money as soon as they get it, so having responsibilities such as paying bills would force the young generation to better manage their money. In addition to learning fiscal
Have you ever thought about living in the suburbs? Many surveys that were given to Millennials in the last few years suggest that they are wanting to live in the suburbs. This includes those that are living in the cities and those that already live in the suburbs. Those in the city want more space, while those that live in the suburbs want to keep their way of life the way it is. This will change the way the country will function, so the United States can thrive. Kris Hudson, in the article “Many Millennials Yearn for Suburban Homes,” asked the question “Do Millennials want to remain urbanites or eventually relocate to the suburbs?” (A2). This is one of the biggest question asked among demographers
Millennials are accused of being tough to manage, behaving entitled, unfocused, lazy, narcissistic; however, they seek to have a purpose that they love and make an impact. Yet, the more they receive, they are not happy. Sinek jokingly states that they could be offered “free food and bean bags, because that is what they want, and they will still not be happy.” According to Sinek, there is a missing piece for millennials, furthermore, he goes on to say there are four characteristics that make millennials the way they are, “parenting, technology, impatience, and environment.” (2016).
They squander their money on luxurious foods instead of taking the next step into adulthood. (NY Times, 2017) However interesting Gurner’s argument may seem, he is incorrect. Avocados may currently be at their peak price, but Millennials buying too much of them is not the cause for Millennials’ financial hardships. According to the source, this isn’t the first time someone has tried to blame buying luxurious foods as an excuse for Millennials’ failing finances. Millennials’ finances have not been under extraneous tension for a while. Since the Great Recession, Millennials have been trying to improve their finances and find their place in
In today’s culture, the number of issues that the average person has to face on a daily basis, are astronomical. Millennials, in particular, have been greatly affected by this, so much so that a new phase in the human lifespan has been created just for them! Dubbed “emerging adulthood” by psychologist Jeffrey Arnett, plopped smack dab in the middle of adolescence, and adulthood, this phase captures any, and all doubts that 20-29 year olds are plagued with. From their economic standing, to racial, ethnic, and identity issues, and to disabilities ranging from both mental, and physical, this phase captures every single uncertainty, fear, and qualm that one person can possibly have in a neat little package.
Nearly 3.7 million American babies born in 1982 were the first members of the new Generation Y, or more affectionately known as millenials (Thompson, par. 1). Many things play into whether a generation is considered to be faring ‘better’ than another one; job opportunities, the state of the environment, whether the U.S. is at peace or at war, income vs. living expenses, the general happiness of the people, and the list goes on. Millenials are part of a special generation because for decades, “The American Dream” has included the belief that the future generation will fare better than the present one; however, millenials are not projected to fare better than the present generation X for many reasons.
Those born between the years of 1982 and 2004, became known as The Millennials, however, this generation has been redefining traditional standards set by previous generations. By this generation's standards, they want to achieve higher education and travel, things that will set them back financially which has been made as a point to their change in the expected time for adulthood. One that is willing the delay the previous generation's’ dream of marriage and family to reach their more modern take on the American Dream. Millennials have many differences from them and previous generations, they were able to look more towards “who they were” than “what needs to get done”.
Buying and owning your home is part of the American dream. Although the dream itself has since changed, the home still remains the main focal point. Today owning a home doesn’t necessarily mean a house. People now buy duplexes, cooperative apartments, and condominiums. For some families it could take up to a couple of generations before it’s able to have the capabilities of buying a home. To many people it means a certain achievement that only comes after years of hard work. It is a life altering decision and one of the most important someone can make in their lifetime. The reasons behind the actual purchase could vary. Before anything is done, people must understand that it’s an extraneous process and it is a long term project.
It is a dominant stereotype that the Millennial Generation possesses a great sense of entitlement. When one is entitled, they feel as if they should be more privileged and seem to behave as if they are more deserving than others. Most readers are in agreeance with those who argue that Generation Y, otherwise referred to as the Millennial generation, is an entitled group of people, but not everyone is in agreeance with who is responsible for the sense of entitlement that these Millennials possess.
The United States is a country full of people from different backgrounds and beliefs with dreams of endless possibilities. Every single person is uniquely different in every way. Millennials are the luckiest people of America. They learn from their parents mistakes and have more opportunities than them. They get to choose their own career, sexual orientation, religion, and basic beliefs. One of those choices is their living arrangement. Many millennials would rather purchase experiences than things. This way of life is called Minimalism. The minimalistic lifestyle ignores the societal pressure to purchase the latest fashion trends. Minimalists focus on their personal goals in life and are not attached to physical belongings. Hoarders,
It is safe to say that the working life for millennial generation has been and will be different to that of generations past. Gurenteed jobs after leaving school, college, or university are now a thing of the past. These days placing responsibility of your career progression into the hands of someone else can even be considered passé.