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Smarter than your parents on real estate?

Posted by Scott Van Voorhis October 22, 2012 06:36 AM

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Apparently, Gen Y thinks so.

Thanks to the housing downturn, nearly 70 percent of Millennials believe they know more about owning a home than their Boomer parents, according to a survey out today by Better Homes and Garden Real Estate. (All right, at least according to a survey of 1,001 of them.)

And who says Gen Y doesn't read or watch the news - the 18-35-year-old set says it has gained its superior knowledge from the large amount of media coverage devoted to the housing downturn!

OK, most of us like to think we are smarter than mom and dad - it's just human nature.

Yet it is also tricky territory, based on trying to compare different choices made under sometimes very different conditions and circumstances.

Anyway, check out the story on the survey by Market Watch.

Other highlights include:

  • 69 percent of Yers say will not only wait to buy until they can afford it - stroke of genius here - but also when it won't disrupt their lifestyles.
  • Three-quarters said owning a nice home is the ultimate status symbol, more impressive than designer clothes or a fancy car.

The more things change, the more they stay the same.

This blog is not written or edited by Boston.com or the Boston Globe.
The author is solely responsible for the content.

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About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.

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