DC: Renting Has Overtaken Homeownership In Many DC Suburbs 2010-19, More Than 49 Maj. Metro Regions

[Scrivener7]

2. My niece is 30. Financially, we have very similar sensibilities except in this area, and I think

she is representative of her generation. I try to encourage her to buy something so that she can get into the market and build from there.

She says she has no desire to own a home. She thinks, first, that it is an investment in a world that is too precarious to be making such a commitment. Second, it is an encumbrance that simply works as the first step in an unnecessary cascade of consumerism.

I sort of agree with her, but I wonder how things will change as she, and her generation, get older.

It breaks my heart, thought, that she believes it is totally possible we will blow this whole thing up at some point before a 30 year mortgage would expire.