Skip To Content
Our site is currently experiencing technical difficulties. We are actively working on a solution. Please contact your agent directly for assistance. Thanks for your patience.

Are Millennials Avoiding Home Buying Out of a Fear of Commitment?

Millennials hear it all the time–they are lazy, entitled, arrogant, and flaky. They often bail on tasks when they get too difficult and are definitely not known for their willingness to stick something out. Not only do a large majority of millennials avoid committing to a spouse or career; they also are avoiding perhaps the largest financial purchase of their lives, a home. According to, “about 20% of those between the ages of 18 and 34 are likely to be afraid of the long-term obligation (30 years, for the full term of a typical mortgage) that buying a home with a partner represents, according to a recent NerdWallet survey. That broke down to about 34% of young men and, not surprisingly, just 10% of young women.” So what is it that scares this generation out of making an investment in real estate? See below!

1 – They already have mountains of student debt. There is no denying that college tuition and fees have skyrocketed since the days Generation X loomed the halls of universities around the country. With so much money to pay out already, it can be difficult for millennials to take out yet another huge loan on an investment on a house of their own.

student debt

2 – It’s hard to save up a down payment. Obviously, this can be a feat when you are paying a ridiculous amount in rent and student loans. With most down payments ranging from 3% to 20% of the house price, this is not something to just casually save up for.

down payment

3 – There is less career stability. In today’s world of fast-paced resume reading and thousands of career sites, it can be easy to just find a better job and move for it. With a purchased home hanging in the back of your mind, millennials can fear they will miss a better job opportunity by being stuck with such a huge investment.

millennial career

4 – Most millennials are single. Or at least maritally single, by any means. It is a well-known fact that young adults are waiting longer and longer to tie the knot. And, of course, when a person is single, it is much more difficult to save up for this kind of purchase, move in, and run a large household by oneself. The thought is honestly intimidating, and can be a reason why a twenty-something would put off home buying.

millennial single

5 – Commitment is not for the faint of heart. With all these reasons stacked together, the ultimate reason millennials stray from home buying is their fear of commitment. There is no telling when circumstances can change, and the fear of loss on return on investment is too great for most millennials to take on at this point in their lives. However, there is always room to grow and hopefully be ready for that next step in the future!

millennial home buying

For more real estate news and discussions, check out our blog here!


North Atlanta Home Team

Realty ON MAIN North Atlanta Real Estate Team Working With The Cities Of Alpharetta, Atlanta, Woodstock, Suwanee, Canton, Virginia Highlands, Cumming And So Many Other Areas Of Georgia. Feel free to visit our Real Estate Georgia Team Website at Our website provides you with a wealth of information about Open Houses, Just Listed, Foreclosures to Luxury Real Estate. To have a resource about Neighborhood Profiles, feel free to visit our Real Estate Blog at BLOG. -2013 Hall Of Fame Realtor -2016 RE/MAX Lifetime Achievement -2016 Chairman's Club -RE/MAX Regional Services 2016 Georgia #3 Individual
Comments are closed.