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Are You Redefining Home Ownership?

Kevin Van Lierop

We're not going to be better off than our parents, but so what, we don't need to be. We're not entitled like so many would like us to believe.

Throwing to the side our cars, driver's licenses and even the idea of owning a 3 bedroom, 1.5 bathroom home in the 'burbs; we, the so-called 'Generation Y' are taking our own approach, making sh*t up as we go along and redefining the existing.

The question is: will cities start building for us or continue building for generations past?

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  • Tom Maybrier

    I feel relatively certain that homeownership is not in my future. I've reframed my priorities around the reality of my finances and decided that things like freedom and liquidity are more important to me.

    Granted, this could change, but all of the places I'm interested in living have insanely high home prices. So it's easier to assume I will continue to rent and put money towards retirement.

    For better or worse, I've let go of that part of the "American Dream".

  • Alessandra Rizzotti

    I've definitely shifted my priorities. I thought I wanted a house but the economy will not allow that for me at this time, even though I save constantly. I wonder if I should use my savings to be entrepreneurial- but I'm not sure I have ideas yet. I do think there's value in being able to move around- and I can't wait to see businesses embrace that in their working cultures.

    • Kevin Van Lierop

      I understand what you're going through. I've written off owning a house and while I've been looking at a condo as an alternative I don't know if it's possible or even what I want anymore.

      Savings are funny on their own; I don't/won't have a pension of any type when it's time for me to retire so I know I'll need savings but I feel like I'm alive now, why not invest it in living.

      A house you could call your own was once the sign of a secure retirement (or a good start) but now with the mostly unlikely what is one to do?