Worried Americans Gun Shy on Homeownership
Terrorism. National security. The Crisis of 08. Job security. These concerns have defined our time and are making Americans think long and hard about whether or not the American Dream is still worth pursuing. According to the Value Insured Modern Homebuyer Survey, 72% of millennials admitted that the crash of 08 has impacted their decision to either purchase or upgrade their home. The survey also revealed that 68% of Americans and 81% of millennials said they would have already purchased a home if they would have had more confidence in the market.
The survey also said that the global economy has 63% of Americans and 70% of millennials worried. Other concerns include national security where 48% of Americans and 61% of millennials are worried and job security where 55% of Americans and 71% of millennials are on edge.
The thing to keep in mind is that the crisis of 08 was an anomaly and real estate is still a sound investment. People will always need a place to live and as supply continues to tighten the prices will always go up. It's simple economics and it never fails so if you view real estate as a gamble, think again. Its rock solid.