Hey guys, welcome back to step by step. Today, we're going to be talking all about why Gen Z

and a lot of millennials are not buying into the dream of home ownership anymore and why it's actually

a good thing. I think it's a good thing basically that people are thinking critically about

this and not just following society's path when it doesn't really make sense to anymore for everyone.

I mean, there's still a number of people who should buy a home.

I'll talk about that at the end.

I mean, basically, no, it's pretty much families, people that want to stay in a school district.

It makes sense for them.

And maybe other people, too, but that's

kind of the main one. But for a lot of people, we still have this ingrained thing. I myself included,

as you guys know, if you watch my vlogs, I was looking into buying a house. During the process

of looking, I was feeling like I should buy. It's a smart investment.

I'd be running the numbers and I'd be really trying hard to make them work. But it just,

it still didn't totally make sense. I mean, I could kind of get the numbers to work because I

would be making content out of it. I would be renovating a place.

So I'd be like adding in some equity if done right. But I started to think, you know,

I'd have to put 50% down. There's opportunity cost of that. Basically like it doesn't really make

a lot of sense to buy a house today. And if you are just doing it

because you think that's what you're supposed to do, it actually might put you in a worse

financial position than if you were just renting because renting is less expensive. And so that's

why I think it's good people are realizing this is because just following that path and that

American dream of buying a house just to tick a box, it could put you in a worse position financially.

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