The housing industry is taking quite a turn with over 57% of millennial claiming that they view investing in a home as a high risk investment to indulge in. This could be partially due to 45% of current homeowners advising millennials to continue renting instead of investing in a new home. These statistics are super surprising considering the majority of the millennial population have reported being interested in investing in cryptocurrencies like Bitcoin and other new digital incentives.
- Those who currently own homes are warning the millennial generation that they may want to avoid home investments right now.
- The renting economy is steadily booming in all industries, whether it be the entertainment or housing industries.
- Milennials show more interest in investing in trending cryptocurrencies than they do when it comes to home ownership.
“Another 45% said their monthly costs are much more than when they were renting and 49% claimed they lived in more convenient locations when living as a tenant.”