• HOME
    HOME
  • PROPERTY SEARCH
    PROPERTY SEARCH
    • DREAM HOME FINDER
      DREAM HOME FINDER
    • BERKELEY HEIGHTS HOMES
      BERKELEY HEIGHTS HOMES
    • DUNELLEN HOMES
      DUNELLEN HOMES
    • FANWOOD HOMES
      FANWOOD HOMES
    • METUCHEN HOMES
      METUCHEN HOMES
    • NORTH PLAINFIELD HOMES
      NORTH PLAINFIELD HOMES
    • NEW PROVIDENCE HOMES
      NEW PROVIDENCE HOMES
    • PISCATAWAY HOMES
      PISCATAWAY HOMES
    • SCOTCH PLAINS HOMES
      SCOTCH PLAINS HOMES
    • SOUTH PLAINFIELD HOMES
      SOUTH PLAINFIELD HOMES
    • WATCHUNG HOMES
      WATCHUNG HOMES
    • WARREN HOMES
      WARREN HOMES
    • SOMERSET HOMES
      SOMERSET HOMES
  • HOME SELLERS
    HOME SELLERS
    • HOME VALUATION REQUEST
      HOME VALUATION REQUEST
    • STAGING YOUR HOME FOR SALE
      STAGING YOUR HOME FOR SALE
    • COMMUNITY INFO
      COMMUNITY INFO
    • LOCAL SERVICE PROVIDERS
      LOCAL SERVICE PROVIDERS
    • NEWS FOR HOME SELLERS
      NEWS FOR HOME SELLERS
  • HOME BUYERS
    HOME BUYERS
    • LUXURY HOMES IN CENTRAL NEW JERSEY
      LUXURY HOMES IN CENTRAL NEW JERSEY
    • CONDOS & TOWNHOUSES
      CONDOS & TOWNHOUSES
    • RETIREMENT HOUSING IN NEW JERSEY
      RETIREMENT HOUSING IN NEW JERSEY
    • MORTGAGE CALCULATOR
      MORTGAGE CALCULATOR
    • LOCAL SERVICE PROVIDERS
      LOCAL SERVICE PROVIDERS
    • NEWS FOR HOME BUYERS
      NEWS FOR HOME BUYERS
  • ABOUT ROBIN
    ABOUT ROBIN
    • ABOUT ROBIN
      ABOUT ROBIN
    • CONTACT ME
      CONTACT ME
    • TESTIMONIALS
      TESTIMONIALS
  • BLOG
    BLOG
  • HOME
    HOME
  • PROPERTY SEARCH
    PROPERTY SEARCH
    • DREAM HOME FINDER
      DREAM HOME FINDER
    • BERKELEY HEIGHTS HOMES
      BERKELEY HEIGHTS HOMES
    • DUNELLEN HOMES
      DUNELLEN HOMES
    • FANWOOD HOMES
      FANWOOD HOMES
    • METUCHEN HOMES
      METUCHEN HOMES
    • NORTH PLAINFIELD HOMES
      NORTH PLAINFIELD HOMES
    • NEW PROVIDENCE HOMES
      NEW PROVIDENCE HOMES
    • PISCATAWAY HOMES
      PISCATAWAY HOMES
    • SCOTCH PLAINS HOMES
      SCOTCH PLAINS HOMES
    • SOUTH PLAINFIELD HOMES
      SOUTH PLAINFIELD HOMES
    • WATCHUNG HOMES
      WATCHUNG HOMES
    • WARREN HOMES
      WARREN HOMES
    • SOMERSET HOMES
      SOMERSET HOMES
  • HOME SELLERS
    HOME SELLERS
    • HOME VALUATION REQUEST
      HOME VALUATION REQUEST
    • STAGING YOUR HOME FOR SALE
      STAGING YOUR HOME FOR SALE
    • COMMUNITY INFO
      COMMUNITY INFO
    • LOCAL SERVICE PROVIDERS
      LOCAL SERVICE PROVIDERS
    • NEWS FOR HOME SELLERS
      NEWS FOR HOME SELLERS
  • HOME BUYERS
    HOME BUYERS
    • LUXURY HOMES IN CENTRAL NEW JERSEY
      LUXURY HOMES IN CENTRAL NEW JERSEY
    • CONDOS & TOWNHOUSES
      CONDOS & TOWNHOUSES
    • RETIREMENT HOUSING IN NEW JERSEY
      RETIREMENT HOUSING IN NEW JERSEY
    • MORTGAGE CALCULATOR
      MORTGAGE CALCULATOR
    • LOCAL SERVICE PROVIDERS
      LOCAL SERVICE PROVIDERS
    • NEWS FOR HOME BUYERS
      NEWS FOR HOME BUYERS
  • ABOUT ROBIN
    ABOUT ROBIN
    • ABOUT ROBIN
      ABOUT ROBIN
    • CONTACT ME
      CONTACT ME
    • TESTIMONIALS
      TESTIMONIALS
  • BLOG
    BLOG
To Blog

Do You Believe Homeownership Is Out of Reach? Maybe It Doesn’t Have To Be.

November 3, 2022
-
Demographics, First Time Home Buyers, For Buyers, Gen Z, Millennials, Move-Up Buyers
-
Posted by Robin Taylor Roth

Do You Believe Homeownership Is Out of Reach? Maybe It Doesn’t Have To Be. | Simplifying The Market

It turns out, millennials aren’t the renter generation after all. The 2022 Consumer Insights Report from Mynd says there’s a portion of millennial and Gen Z buyers who are pursuing homeownership as a way to build their wealth, but it may not be exactly the way previous generations have done it. The study explains how they’re breaking into the market:

“. . . younger generations of Americans are not buying into that dream in the same way that older generations have. A growing number of Americans are choosing to make their first real estate purchase as an investment property.”

Instead of buying a home and moving into it themselves, some young buyers are purchasing a home so they can use it as a rental. This tactic may be gaining popularity, at least in part, because of the affordability challenges brought about by today’s higher mortgage rates. The report above mentions how many people in this group are considering this approach. It says:

“Almost half of Millennials and Gen Z (43%) are considering buying an investment property compared to only 9% of Baby Boomers and 27% of Gen X.”

Why Younger Buyers Are Buying a Home To Use as a Rental

This strategy allows buyers to continue living in their current location, like the bustle of a city apartment or a neighborhood that they know and love, where they couldn’t afford to buy. But instead of giving up on the idea of owning a home, they buy a home in a more affordable area with the intention of renting it out.

In a way, they’re getting the best of both worlds. They live where they want, and they still own a home where they can afford it.

Their goal is to generate passive income and diversify their assets. It works like this: in addition to having a rental stream of income, the equity they build in their house will also help grow their net worth over time.

Bottom Line

If you’re thinking about buying a home as an investment strategy to build your wealth, let’s connect to explore your options and nearby areas that may have homes that fit what you’re looking for.

PREVIOUS POST
Sell Your House Before the Holidays
NEXT POST
If You Want to Make Several Home Improvements, How Should You Prioritize Them?

Robin Taylor Roth

Find Your Dream Home
Price
Beds
Baths
More
Save Search
Get In Touch!

What is My Home Worth?

Related News

Other posts that you should not miss

Myths About Today’s Housing Market [INFOGRAPHIC]

April 22, 2022
-
Posted by Robin Taylor Roth

Some Highlights If you’re planning to buy or sell a home today, it’s important to be aware of common misconceptions. Whether …

Read More →
Buying Myths, For Buyers, For Sellers, Infographics, Selling Myths
1 MIN READ

Your House Could Be the Oasis in an Inventory Desert

May 14, 2021
-
Posted by Robin Taylor Roth

Homebuyers are flooding the housing market right now to take advantage of record-low mortgage rates. Many have a sense of urgency …

Read More →
For Sellers, Housing Market Updates, Move-Up Buyers
1 MIN READ

Why Home Prices Keep Going Up

October 23, 2023
-
Posted by Robin Taylor Roth

If you’ve ever dreamed of buying your own place, or selling your current house to upgrade, you’re no stranger to the rollercoaster …

Read More →
Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Pricing, Selling Myths
4 MIN READ
Contact Me

Robin Taylor Roth
Berkshire Hathaway HomeServices New Jersey Properties
564 Middlesex Ave, Metuchen, NJ 08840
NJ #0897458

Office : 732.494.7677
Cell : 908.612.4962
Email : robintaylorroth@BHHSNJ.com

Your Contact Info
[contact-form-7 id="8923" title="footer Contact form"]
 

Agent Login

© 2022 Robin Taylor Roth ©2017 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity. Information not verified or guaranteed. If your home is currently listed with a Broker, this is not intended as a solicitation.

Do You Believe Homeownership Is Out of Reach? Maybe It Doesn’t Have To Be. | Central New Jersey Real Estate

Attraction in Dunellen Boro, NJ

778 Frenchtown Rd
Powered by Yelp
Delaware River Tubing
Delaware River Tubing - Milford Yelp Rating 226 reviews
Rafting/Kayaking, Boating, Tubing
778 Frenchtown Rd
Powered by Yelp
The Famous River Hot Dog Man
The Famous River Hot Dog Man - Milford Yelp Rating 17 reviews
Rafting/Kayaking, Tubing
716 Union Ave
Powered by Yelp
Route 28 Farmers Market
Route 28 Farmers Market - Middlesex Yelp Rating 28 reviews
Farmers Market
380 US 22
Powered by Yelp
Bowlero Green Brook
Bowlero Green Brook - Green Brook Township Yelp Rating 182 reviews
Venues & Event Spaces, Bowling, Eatertainment
42 Mountain Blvd
Powered by Yelp
SCLSNJ's Warren Township Branch
SCLSNJ's Warren Township Branch - Warren Yelp Rating 8 reviews
Libraries
41 Mountain Blvd Ste E1
Powered by Yelp
4 Brothers Breakfast
4 Brothers Breakfast - Warren Yelp Rating 635 reviews
Southern, Breakfast & Brunch, Jazz & Blues
132 Bergen Blvd
Powered by Yelp
Carpet Kingdom
Carpet Kingdom - Fairview Yelp Rating 8 reviews
Flooring, Carpeting, Rugs
16 Lenox Ct
Powered by Yelp
Tanglewood Terrace Apartment Homes
Tanglewood Terrace Apartment Homes - Piscataway Yelp Rating 6 reviews
Apartments
420 W 1st Ave
Powered by Yelp
Granitetop
Granitetop  - Roselle Yelp Rating 7 reviews
General Contractors, Kitchen & Bath
360 Industrial Loop
Powered by Yelp
WeGotLites
WeGotLites - Staten Island Yelp Rating 45 reviews
Home Decor, Lighting Fixtures & Equipment, Lighting Stores
305-B New Dorp Ln
Powered by Yelp
Gables New York
Gables New York - Staten Island Yelp Rating 9 reviews
Home Decor, Shades & Blinds, Shutters
378 Route 6 & 209 Matamoras Base
Powered by Yelp
Kittatinny Canoes
Kittatinny Canoes - Milford Yelp Rating 122 reviews
Rafting/Kayaking, Tubing
1055 US Hwy 1
Powered by Yelp
Worldwide Wholesale Floor Coverings
Worldwide Wholesale Floor Coverings - Edison Yelp Rating 86 reviews
Carpeting, Hardware Stores
845 3rd Ave Fl 6
Powered by Yelp
Roadway Moving
Roadway Moving - New York Yelp Rating 458 reviews
Movers, Packing Services, Packing Supplies
225 US Hwy 46 Ste 7
Powered by Yelp
Ambassador Limo & Party Bus
Ambassador Limo & Party Bus - Totowa Yelp Rating 7 reviews
Limos, Party Bus Rentals
Powered by Yelp
The Happy Wanderer Travel Agency
The Happy Wanderer Travel Agency - Plainfield Yelp Rating 1 reviews
Travel Agents, Tours