This is a very good question. I for one am a millennial and I happen to own a home and there are numerous pros and cons. A pro for right now is that an interest rate of a home is at an all time low so that really helps. A con would be the economy; these days it is not the greatest. Millennials are finding it hard to find a job or even keeping a job. There are layoffs among us that take place all over the country. If I’m being honest Millennials are a tad lazier than people that grew up before the 1981 era. Not all are lazy but most are so that doesn’t help. The decrease in homeowner’s will dwindle I feel because Millennials don’t really want to work and would rather stay at home with their parents so they could live off of them. Also the prices of homes are going up, so this could be a huge factor in Millennials to not being able to afford a home. An pro that would benefit the Millennials is that most of them have a work ethic and they try to succeed and thrive to do the best of their ability. They want to work hard so they can achieve that house that they always dreamed about. A con would be the credit factor. People my age find that they can spend and spend and it won’t affect them. Truth be told it will affect them because they’re using their credit and not paying the creditors’ back. This …show more content…
With technology and tools that will help us evolve as beings to improve the way we live. Jobs will be more advanced and help us to grow so we can better ourselves. Millennials will see this growing challenge and will want to grasp it so they can be a part of it. Houses today are more technologically advanced and this appeals to us Millennials. We want the best of everything. Nothing will stop the Millennials from their dream of owning that house. They will work hard and take advantage of the growing effort of making the world a better
Millennials: What do others think of them? “Lazy, narcissistic, tech obsessed” are some of the most common terms used to describe the Millennial generation; but are these too stereotypical, are people misinterpreting Millennials? The main question this essay will seek to answer is, what do others think about the Millennial generation, and to what extent are these opinions correct? To answer this question, three views, of three different people/entities will be taken. The first, by Joel Stein (Generation X), a prominent writer working with Time magazine, suggests that Millennials are lazy, narcissistic, fame-obsessed and very influenced by peers, through his article “Millennials:
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
They want a quiet place, with lots of room. If they live in the cities, they will not get what they want. This means, in the next few years we will see a mass population of these Millennials moving to the suburbs. This is significant, because this will change the way the United States will work in the future. Businesses must expand closer to the suburbs to keep their business alive. There will be a greater expansion in the suburbs and more houses must be built to accommodate that change. This will be good news for those who build and sell houses in the suburbs, and bad news for those in the cities. Millennials will want to buy homes that give them space to start their family. It is important to prepare for this big change and realize that Millennials are our
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 the article, “The New Greatest Generation—Why Millennials Will Save Us,” author Joel Stein argues the greatness of the millennial generation. Stein uses ample sources and multiple statistics to describe the positive and negative outlooks on the millennial generation. He explains that many people perceive millennials as being ignorant and entitled, yet he counters this opinion with an explanation of why millennials do not take action in their world. Stein uses pathos and clearly states both sides of his argument in order to create an effective analysis of millennials.
This will be a new evolution for the young people now and the young people to come, this means more educated people, which will change the way our jobs, economy, and development of our countries can be. More young people will explore their horizons and develop to be the best they can be instead of being forced to work a full-time low paying job and hit a dead end.
that go into an individual being considered selfcentered. According to the Merriam Webster Dictionary being selfcentered means to be “too interested in yourself and not caring about the needs or feelings of other people” (“Selfcentered”). Is there any way to measure how selfcentered someone is? A question that pertains to this topic asks, is the latest generation more selfcentered than the generation before? When it comes to this generation there are many varying opinions. There are many reasons the millennial generation is more selfcentered than previous generations.
Now millennials are taking over the majority of the home improvement market segment. This target audience’s demographical makeup can be characterized as being those
If this paradigm is flipped then it is easy to see that this advancement of Millennials compared to previous generations is normal and in fact beneficial to the greater society. So far Millennials have been achieving those leadership positions and already at a young age they are starting to rule the world. Rather than having a negative attitude towards the transition from Baby Boomers and the Generation X to the Millennials, the generations should work together and learn from each other. Parents from previous generations should be proud of how they raised their children—they are succeeding in life. Most Millennials have even been holding off on marriage and children until they have a attain stability. They have an agenda, and they’re achieving
When someone makes the decision to buy or rent a home they must consider the advantages and disadvantages of each. In buying a home the primary advantage is that you actually own it. You can do whatever you want with it. Also, you are building equity as the years go by. “People today have problems saving for their future” (CNN Money, 2014). However, when they buy a home, the money they put down for a down payment is an investment. When the person sells the home they get back the down payment and the amount the property has appreciated in value. When looking at the advantages of renting it is easy to see the disadvantages of buying for some people. Even though you don’t get the money back that you put into it, renting could be a more satisfying option for some. This is because renting allows for flexibility. The person can move wherever as soon as there lease is up. Renters may see buying as “a reduction in lifestyle, moving to a smaller place, and perhaps a less expensive neighborhood.” (CNN Money, 2014). For example someone who rents an apartment enjoys how the complex keeps up the area and all the amenities it has to offer, and it is in an upper class part of town. However, when they buy they looks all the benefits, they have to do maintenance themselves, and move to an area they don’t particularly like to fit their price range.
Workers are often pitted against each other in the work place as a form of competition. One division that is commonly seen is gender and race, but there is also a divide concerning age that isn’t discussed as frequently. Baby Boomers are those who was born between 1946-1964, when WWII soldiers came back home, settled down and started the “Baby Boom”. While Millennials are those born around 1981-2000, and have a similar population size as Baby Boomers. In the workplace, Millennials are categorized as being bad workers due to how they were raised in sheltered lifestyles and require a different environment than the previous generation, but that is not accurate. Even though the two generations view work different, sometimes to the point of conflict,
An option for individuals look are looking to buy property have the option to purchase a house. The advantages are: “pride in ownership, privacy, own land, tax benefits, fixed rate, security, and can renovate to their desire. The disadvantages are: less flexibility, mortgage has interest, more stress about money, requires down payments, closing costs, and moving costs, need to have a fixed income/stable income, and bank may take over house if payments are not made” (Zillow, May 12th 2012 ). Pride of ownership is advantage because it gives those individuals accomplishment feeling and shows their hard work paid off and do not have to deal with landlords anymore” (Free Advise Staff, unknown date). Privacy is another advantage because it gives the homeowners the freedom to do whatever they wish and not worrying that they will break the rules. Owning land is an advantage because “every time you pay off your mortgage individuals are gaining equity and increasing your assets” (Chapman’s lecture, unknown date). Another advantage is individuals will get a “tax benefit which will help pay off the interest of the mortgage and increases income” (Kirlew, Unknown date). Security is an advantage because in the “long run if some individuals want to have kids those individuals do not have to worry about moving each year, but instead helps their children grow up in a ...
We blame the millennials for their behavior and their different characteristics compared to previous generations; however, what if we stop looking at the millennials and start looking at the reasons that they behave sensitively? Each generation contains their differences, including the way they educate the next generation. We continuously judge the millennials behavior, but we rarely judge the people who influenced this behavior. Education has changed throughout the ages, not to mention the parenting skills that vary from generation to generation, which has affected the millennials way of interacting in the world. Millennials grow up believing that they are imperative, that they are secure, that the world will conform to their generation, and that the world is a “nice” place. This teaching, causes millennials to be sensitive babies early on in life. True, millennials have the freedom to act the way they want; nevertheless, like other generations, millennials will act the way that parents and other influences taught them to behave. The millennial generation should not be liable for their
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.