Why So Many Sellers Are Cutting Their Price Right NowPrice cuts are turning up everywhere right now, and they read very differently depending on which side of the deal you’re on.Sellers tend
Home Ownership Doesn't Need to Be Out Of Reach
Dated: November 3 2022
Views: 18
Do You Believe Homeownership Is Out of Reach? Maybe It Doesn’t Have To Be.
It turns out, millennials aren’t the renter generation after all. The 2022 Consumer Insights Report from Mynd says there’s a portion of millennial and Gen Z buyers who are pursuing homeownership as a way to build their wealth, but it may not be exactly the way previous generations have done it. The study explains how they’re breaking into the market:
“. . . younger generations of Americans are not buying into that dream in the same way that older generations have. A growing number of Americans are choosing to make their first real estate purchase as an investment property.”
Instead of buying a home and moving into it themselves, some young buyers are purchasing a home so they can use it as a rental. This tactic may be gaining popularity, at least in part, because of the affordability challenges brought about by today’s higher mortgage rates. The report above mentions how many people in this group are considering this approach. It says:
“Almost half of Millennials and Gen Z (43%) are considering buying an investment property compared to only 9% of Baby Boomers and 27% of Gen X.”
Why Younger Buyers Are Buying a Home To Use as a Rental
This strategy allows buyers to continue living in their current location, like the bustle of a city apartment or a neighborhood that they know and love, where they couldn’t afford to buy. But instead of giving up on the idea of owning a home, they buy a home in a more affordable area with the intention of renting it out.
In a way, they’re getting the best of both worlds. They live where they want, and they still own a home where they can afford it.
Their goal is to generate passive income and diversify their assets. It works like this: in addition to having a rental stream of income, the equity they build in their house will also help grow their net worth over time.
Bottom Line
If you’re thinking about buying a home as an investment strategy to build your wealth, let’s connect to explore your options and nearby areas that may have homes that fit what you’re looking for.
Paul Deathriage
Your Visalia & Tulare County Real Estate ExpertI’m Paul Deathriage, a trusted real estate professional serving Visalia, Tulare County, and the surrounding Central Valley communities. With ye....
Latest Blog Posts
There Are 4 Types of Housing Markets Right Now. Which 1 Are You In?Today’s housing market splits into four distinct types. You’ve got cash buyers, buyers financing a purchase, owners who
3 Things You Can Actually Control About Your Mortgage Rate Right NowIf you're trying to buy a home, affordability is probably what keeps you up at night. And as you watch mortgage rates tick up
Selling This Fall? You Want To Get These 4 Things Right.Selling your house this fall is absolutely doable. But there’s something you need to know about this time of year. Buyer activity
© 2026 Fresno Association of REALTORS ®. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings held by brokerage firms other than Anderson Real Estate Group are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent.
All data, including all measurements and calculations of area,
Tulare County Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
