American Dream & Home Ownership

Primary reason for millennial home ownership decline?

• Preference for urban living

• Increased travel desires

• Lack of interest in owning homes

• Economic changes and challenges

Percentage of adults aspiring to own a home?

• 50%

• 80%

• 60%

• 70%

Two main financial benefits of owning a home?

• Stability and community involvement

• Rental income potential and appreciation

• A place to live and a long-term investment

• Tax benefits and equity

Replacement for pensions as retirement income source?

• Cryptocurrency investments

• Personal retirement savings

• Lottery winnings

• Inheritance

Crucial factor to consider before buying a home?

• Number of bedrooms

• The color of the house

• Proximity to a city center

• Having a good mortgage term

Additional requirement for potential homebuyers?

• Furniture

• A new car

• Emergency funds

• A pet

Reason for Ramon to reconsider buying a house?

• Might move to New York

• Prefers renting

• Doesn't like maintenance

• Wants a bigger house

Suggested alternative investment if not buying a home?

• Spending on vacations

• Investing in a 401(K) or a company

• Purchasing luxury items

• Buying collectibles