Millennials Are Buying Houses... For Their Dogs!
Millennials are always on top of trending items. They also make them as they go along. Their newest venture? They are now leading in the newest craze… home buying! But it's not your ordinary home buying or starting families and such… their incentive for buying a home and taking that mortgage inquiry… their dogs!
We know, you're probably thinking "Haha, Ya Right!"
Well, we also were thinking that, but a recent survey conducted by Harris Poll on behalf of SunTrust Mortgage, found that a whooping 33% of millennial home buyers' actually decide to buy a new home based on their dog. Even though 25 percent of cited marriage or the 19 percent of the birth of a child used to be the prime incentive, it has now been taken over by furry family members!
And even those millennials who don't yet own a home but are planning to are prioritizing pups, with 42 percent of those surveyed by SunTrust saying a dog — present or future — is a key factor in their home purchasing decisions. Crazy right!?
Well here are some reasons;
Inhumanity of Apartment Dog-Dwelling: Having an apartment might be fine for humans, but for dogs it's a pretty tight fit. Not to mention that dogs usually stay home all day whilst their owners are out at work, with friends or well just out. A dog needs room to run around! Dogs have energy and its not healthy for them either to be cooped up all day in an apartment.
The desire to give one's dog the best life possible is one that real estate brokers see frequently among their millennial clientele.
High-Maintenance Pooches? You would think the space is enough for a dog to be super happy? Sure, but what about those millennials on the hunt for more than one amenity for their dog? What are they looking for? Well, there's dog parks in the area (that have seating for owners, fresh running water and of course vestibules for safety). You can also be sure that only Millennial looking for a home will most likely also be putting in a dog washing station.
Still Cheaper Than Kids! A dog is flat out cheaper than a kid. "Some millennials say they are having dogs [instead] of children," said Schenone, author of The Dogs of Avalon: The Race to Save Animals in Peril "That's a leap, but not hard to believe; after all, they are less well off than boomers and Gen-Xers were at their age, and more burdened by student loans and debt. Everybody needs love and a family: dogs are cheaper, easier, and provide love."
You may think that all this consideration into being a house basically for your dog is a bit over the top. But, if we really think about it, it's actually not that ridiculous when you consider that millennials tend to regard their pets as family members — arguably more so than any generation prior.
And, who wouldn't want to make their dogs happy??