Comments on: Gen Y: The End of the Home Ownership Dream? http://millennialmarketing.com/2008/11/gen-y-the-end-of-the-home-ownership-dream/ Marketing to Millennials Thu, 02 Feb 2012 23:52:26 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Millennials: The Book | Millennial Marketing http://millennialmarketing.com/2008/11/gen-y-the-end-of-the-home-ownership-dream/comment-page-1/#comment-1539 Millennials: The Book | Millennial Marketing Tue, 16 Nov 2010 06:41:28 +0000 http://millennialmarketing.com/2008/11/gen-y-the-end-of-the-home-ownership-dream/#comment-1539 [...] “Gen Y: The End of the Home Ownership Dream?” (November 13, 2008) [...] [...] “Gen Y: The End of the Home Ownership Dream?” (November 13, 2008) [...]

]]> By: Carol Phillips http://millennialmarketing.com/2008/11/gen-y-the-end-of-the-home-ownership-dream/comment-page-1/#comment-792 Carol Phillips Thu, 03 Dec 2009 07:21:05 +0000 http://millennialmarketing.com/2008/11/gen-y-the-end-of-the-home-ownership-dream/#comment-792 I believe that some of the motivation for travel is 'bragging rights' as much as experience. Perhaps luxury and status symbols are changing, but still with us. Interesting comment, thanks for sharing. I believe that some of the motivation for travel is 'bragging rights' as much as experience. Perhaps luxury and status symbols are changing, but still with us. Interesting comment, thanks for sharing.

]]> By: Carol Phillips http://millennialmarketing.com/2008/11/gen-y-the-end-of-the-home-ownership-dream/comment-page-1/#comment-622 Carol Phillips Thu, 03 Dec 2009 00:21:05 +0000 http://millennialmarketing.com/2008/11/gen-y-the-end-of-the-home-ownership-dream/#comment-622 I believe that some of the motivation for travel is 'bragging rights' as much as experience. Perhaps luxury and status symbols are changing, but still with us. Interesting comment, thanks for sharing. I believe that some of the motivation for travel is 'bragging rights' as much as experience. Perhaps luxury and status symbols are changing, but still with us. Interesting comment, thanks for sharing.

]]> By: Carol Phillips http://millennialmarketing.com/2008/11/gen-y-the-end-of-the-home-ownership-dream/comment-page-1/#comment-613 Carol Phillips Mon, 30 Nov 2009 12:05:56 +0000 http://millennialmarketing.com/2008/11/gen-y-the-end-of-the-home-ownership-dream/#comment-613 John:<br><br>Your points hit home, and I think many Gen Y'ers would agree with you. Kids and teens feel the pressure of living up to the lifestyle they have enjoyed courtesy of their parents. I am less inclined to agree with you about the naivete and coping skills. No doubt it is true of some, but remains to be seen. We may see an outpouring of creativity, at least I hope so. John:

Your points hit home, and I think many Gen Y'ers would agree with you. Kids and teens feel the pressure of living up to the lifestyle they have enjoyed courtesy of their parents. I am less inclined to agree with you about the naivete and coping skills. No doubt it is true of some, but remains to be seen. We may see an outpouring of creativity, at least I hope so.

]]> By: John http://millennialmarketing.com/2008/11/gen-y-the-end-of-the-home-ownership-dream/comment-page-1/#comment-606 John Sat, 28 Nov 2009 16:21:39 +0000 http://millennialmarketing.com/2008/11/gen-y-the-end-of-the-home-ownership-dream/#comment-606 I think one point we're missing is that the fluid, dynamic lifestyle of a significant percentage of the Gen Y'ers is/was paid for by parents who often were living themselves on credit cards and home refinancing. In fact, the globe hopping "lifestyle statement" of Gen Y is just as much a status symbol as their parents big house. What these kids don't seem to realize is that for the vast majority of them the day will come - sooner than they might think - where they actually need to be self sufficient. Your life becomes much more static when you can't even pay your student loans. That's why you hear of major universities worrying about what they call "teacups" being essentially non-viable once they truly need to leave the nest. Perhaps a few less parent paid trips to Prague and more summer jobs would have served them better. Do I think of Gen Y as a bunch of spoiled brats? No, sadly, I see them as a generation with minimal real coping skills and a pretty naive outlook, destined for disappointment that they may never truly understand. I think one point we're missing is that the fluid, dynamic lifestyle of a significant percentage of the Gen Y'ers is/was paid for by parents who often were living themselves on credit cards and home refinancing. In fact, the globe hopping “lifestyle statement” of Gen Y is just as much a status symbol as their parents big house. What these kids don't seem to realize is that for the vast majority of them the day will come – sooner than they might think – where they actually need to be self sufficient. Your life becomes much more static when you can't even pay your student loans. That's why you hear of major universities worrying about what they call “teacups” being essentially non-viable once they truly need to leave the nest. Perhaps a few less parent paid trips to Prague and more summer jobs would have served them better. Do I think of Gen Y as a bunch of spoiled brats? No, sadly, I see them as a generation with minimal real coping skills and a pretty naive outlook, destined for disappointment that they may never truly understand.

]]> By: Carol Phillips http://millennialmarketing.com/2008/11/gen-y-the-end-of-the-home-ownership-dream/comment-page-1/#comment-542 Carol Phillips Tue, 13 Oct 2009 13:52:53 +0000 http://millennialmarketing.com/2008/11/gen-y-the-end-of-the-home-ownership-dream/#comment-542 Kelly:<br><br>thanks for reading the blog. I hear you on the indulged part, and agree they will buy eventually. But many Millennials do not see home ownership as part of the dream or the investment it used to be. I think they will buy 'differently' -- different types of homes, different financial relationships. <br><br>Carol Kelly:

thanks for reading the blog. I hear you on the indulged part, and agree they will buy eventually. But many Millennials do not see home ownership as part of the dream or the investment it used to be. I think they will buy 'differently' — different types of homes, different financial relationships.

Carol

]]> By: Carol Phillips http://millennialmarketing.com/2008/11/gen-y-the-end-of-the-home-ownership-dream/comment-page-1/#comment-531 Carol Phillips Sat, 10 Oct 2009 21:52:52 +0000 http://millennialmarketing.com/2008/11/gen-y-the-end-of-the-home-ownership-dream/#comment-531 Kevin: Thanks for following. Yes, your thoughts about geographic fluidity are exactly what the lastest post is about - "For Millennials, Is Google the New Home"? Carol Kevin:

Thanks for following. Yes, your thoughts about geographic fluidity are exactly what the lastest post is about – “For Millennials, Is Google the New Home”?

Carol

]]> By: Carol Phillips http://millennialmarketing.com/2008/11/gen-y-the-end-of-the-home-ownership-dream/comment-page-1/#comment-1246 Carol Phillips Sat, 10 Oct 2009 21:52:00 +0000 http://millennialmarketing.com/2008/11/gen-y-the-end-of-the-home-ownership-dream/#comment-1246 Kevin: Thanks for following. Yes, your thoughts about geographic fluidity are exactly what the lastest post is about - "For Millennials, Is Google the New Home"? Carol Kevin:

Thanks for following. Yes, your thoughts about geographic fluidity are exactly what the lastest post is about – “For Millennials, Is Google the New Home”?

Carol

]]> By: Kevin http://millennialmarketing.com/2008/11/gen-y-the-end-of-the-home-ownership-dream/comment-page-1/#comment-524 Kevin Thu, 08 Oct 2009 21:13:38 +0000 http://millennialmarketing.com/2008/11/gen-y-the-end-of-the-home-ownership-dream/#comment-524 Carol, You spoke to my class at UMKC the other night and I was very interested in your presentation and decided I would follow along with you and your research. I think another reason why Gen Y won't be as big into home purchases also falls in line with the fluidity in their lives. Many Gen Y's are probably going to move around and experience a lot while they are young, thus not settling down in one place. I think a lot of Gen Y's will be in the market closer to their mid 30's into their 40's once their family is really beginning to take shape. Carol,
You spoke to my class at UMKC the other night and I was very interested in your presentation and decided I would follow along with you and your research. I think another reason why Gen Y won’t be as big into home purchases also falls in line with the fluidity in their lives. Many Gen Y’s are probably going to move around and experience a lot while they are young, thus not settling down in one place. I think a lot of Gen Y’s will be in the market closer to their mid 30′s into their 40′s once their family is really beginning to take shape.

]]> By: Kevin http://millennialmarketing.com/2008/11/gen-y-the-end-of-the-home-ownership-dream/comment-page-1/#comment-1245 Kevin Thu, 08 Oct 2009 21:13:00 +0000 http://millennialmarketing.com/2008/11/gen-y-the-end-of-the-home-ownership-dream/#comment-1245 Carol, You spoke to my class at UMKC the other night and I was very interested in your presentation and decided I would follow along with you and your research. I think another reason why Gen Y won't be as big into home purchases also falls in line with the fluidity in their lives. Many Gen Y's are probably going to move around and experience a lot while they are young, thus not settling down in one place. I think a lot of Gen Y's will be in the market closer to their mid 30's into their 40's once their family is really beginning to take shape. Carol,
You spoke to my class at UMKC the other night and I was very interested in your presentation and decided I would follow along with you and your research. I think another reason why Gen Y won’t be as big into home purchases also falls in line with the fluidity in their lives. Many Gen Y’s are probably going to move around and experience a lot while they are young, thus not settling down in one place. I think a lot of Gen Y’s will be in the market closer to their mid 30′s into their 40′s once their family is really beginning to take shape.

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