Millennials are now in peak childbearing age. From both a Real Estate and parental standpoint, what goes hand in hand with raising a family is the desire to own a home.
Families want to put down roots. They want to know they have a certain level of security while growing some form of equity for retirement.
While slashing pensions and lower wages certainly puts a strain on Millennial workers, the ability to purchase Real Estate can still be a saving grace in the Millennial financial planning process.
As agents and brokers, we are meant to advise our clients. We can’t change the fact that outside economic factors can have a negative impact on the lives of our clients. What we can do is try and help Millennials understand that they can take their future, and subsequently their retirement, into their own hands.
Chances are your average Millennial client, like their parents, will not be starting out with a beach front multi-million dollar estate. Our job is to help explain the advantage that starting in smaller affordable homes now will have down the road; how it will help them grow and how it will help them take control of their livelihood.