Millennials: the generation known for being lax in the life department are now leading the pack of home buyers; the leading motive? Their fur babies. FURREAL.
According to a survey conducted by Harris Poll of SunTrust Mortgage, “A third of millennial-aged Americans (ages 18 to 36) who purchased their first home (33%) say the desire to have a better space or yard for a dog influenced their decision to purchase their first home.” Poll continues, “Dogs ranked among the top three motivators for first-time home purchasers and were cited by more millennials than marriage/upcoming marriage, 25 percent, or the birth/expected birth of a child, 19 percent.”
Canines Over Children
We all know it: millennials don’t like to invest (in any form of investment). And what requires an immense amount of investment? Children. Sure, there are millennials out there with families of four, but a majority of millennials are in favor of an “all-fours” type of investment. Why? Canines are simply cheaper than children.
Laura Schenone said to NBC News, “Some millennials say they are having dogs (instead) of children. 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.” A man’s best friend now helps with a man’s best investment.