How to Decide Whether to Buy a Home in Your 20s

There's a lot of pressure on millennials to start buying homes despite the fact that social norms have shifted in ways that discourage early home ownership.

There's a lot of pressure on millennials to start buying homes. The recession is over, the olds of the world like to remind us. It's time for the whippersnappers to grow up, get married, have babies, and decide which shade of white they want their picket fence to come in. I'm an eggshell guy myself.

According to Marcie Geffner at The Motley Fool, it's a lot easier than most millennials think to go out and buy a starter home. And even though the common chorus repeats that too many young people still live in mom's basement, the National Association of Realtors notes that the highest percentage of recent homebuyers are 34-years-old and younger. It appears we've reached the point where '90s kids have taken a break from gloating about the quality of Nicktoons to start acting like adults.

But is that really for the best? Like I said, there's a ton of pressure on young people to start playing the game, but so much of this pressure is coming from folks who matured in a far different world. Social norms have shifted to such a degree in recent years that it's inadvisable for many people in their 20s to even think about investing in a home. Jobs and hiring rates remain below where we need them to be. Globalization and current employment trends have made it so people in their 20s with even a smidge of ambition need to be highly mobile in the job marketplace. If you buy a house in Pittsburgh, it's not going to be easy to further your career in Miami.

Despite these obstacles, Geffner's article offers several tips and bits of advice for millennial homebuyers. If you're in your 20s, you feel secure in your job and city, you've got the wherewithal to amass money for a down payment, and you understand the hidden costs of home ownership, there's really no reason why you shouldn't just walk up to the realtor and say, "I'll take it." As Geffner says, don't let age be anything more than a number.

And remember: Eggshell white is totally the way to go.

Read more at The Motley Fool.

Below, Paul Taylor of the Pew Research Center examines millennials by the statistics:

Photo credit: baranq / Shutterstock

The 4 types of thinking talents: Analytic, procedural, relational and innovative

Understanding thinking talents in yourself and others can build strong teams and help avoid burnout.

Big Think Edge
  • Learn to collaborate within a team and identify "thinking talent" surpluses – and shortages.
  • Angie McArthur teaches intelligent collaboration for Big Think Edge.
  • Subscribe to Big Think Edge before we launch on March 30 to get 20% off monthly and annual memberships.
Keep reading Show less

Do you have a self-actualized personality? Maslow revisited

Rediscovering the principles of self-actualisation might be just the tonic that the modern world is crying out for.

Personal Growth

Abraham Maslow was the 20th-century American psychologist best-known for explaining motivation through his hierarchy of needs, which he represented in a pyramid. At the base, our physiological needs include food, water, warmth and rest.

Keep reading Show less

Scientists reactivate cells from 28,000-year-old woolly mammoth

"I was so moved when I saw the cells stir," said 90-year-old study co-author Akira Iritani. "I'd been hoping for this for 20 years."

Yamagata et al.
Surprising Science
  • The team managed to stimulate nucleus-like structures to perform some biological processes, but not cell division.
  • Unless better technology and DNA samples emerge in the future, it's unlikely that scientists will be able to clone a woolly mammoth.
  • Still, studying the DNA of woolly mammoths provides valuable insights into the genetic adaptations that allowed them to survive in unique environments.
Keep reading Show less

Believe in soulmates? You're more likely to 'ghost' romantic partners.

Does believing in true love make people act like jerks?

Thought Catalog via Unsplash
Sex & Relationships
  • Ghosting, or cutting off all contact suddenly with a romantic partner, is not nice.
  • Growth-oriented people (who think relationships are made, not born) do not appreciate it.
  • Destiny-oriented people (who believe in soulmates) are more likely to be okay with ghosting.
Keep reading Show less