Less than 0.3% of Gen Zers and just over 14% of Millennials own their own large homes or property (three or more rooms), while their empty-nesting boomer parents are holding onto their large homes (28%), according to RedFin. This worrying statistic suggests that young people are opting to rent in big cities and forgoing suburbia and marriage i.e., living in the proverbial white picket fenced home. As such, they are expending high margins in urban rental costs at the expense of building equity in homeownership.
While Tinder is trying to solve the marriage (more like hookup) thing, we are interested in supporting youth excited about own, or at least, renting land and farms through land trusts or as couples that perhaps can work remotely. The concept of independence and self-determination is an old one, for when the Great Depression occurred many people of that great generation determined to work hard, save, and investment. Our great grandparents didn’t have social security benefits at the time, which compelled them to wise, frugal, and circumspect about their investments.
Our investing platform will, likewise, enable the savvy young user to invest conscientiously in tangible goods such as real estate, land, and farms, as well as in digital tokens to supplement the insolvent social security promise.
Links:
https://www.redfin.com/news/empty-nesters-own-large-homes/
https://www.msn.com/en-us/money/realestate/how-are-young-homebuyers-affording-homes-these-days-help-from-mom-and-dad/ar-AA1izVfc
