Generations, and why they (don’t) matter

Baby Boomers, Gen X and Millennials, generations we hear about them time and time again.  But when it comes to buying homes and mortgage approvals, what benefits come from being a member of one generation over another.  Well the simple fact of the matter is that there aren’t any.  Regardless of age, when it comes to mortgages, everybody wants the same thing, to not have one.  However, they are something most people need in order to be able to afford a home, regardless of the generation they are a part of.  And although everyone has the same goal when it comes to mortgages, I consistently see article after article segregating different generations and criticizing people based on their age.  But why do this, what’s the advantage?  In the end the goal of a broker remains the same, to get you the best rate possible so you don’t pay more than you have to.  Whether you’re 22 or 98, whether you’re buying with the intention of living in the building, or renting it out.  None of that effects our goal, which is to help you.  I recently read an article, talking about Gen X buying a significant amount of recreational properties, even though their not entering retirement, and all I could wonder while reading it was, what does that matter?  If you are able to afford a recreational property, then what’s the point in wondering why?  It shouldn’t matter if you’re 20 or 60.  Regardless we will do our best to get you the lowest rates possible.  As far as I’m concerned, your age won’t change my efforts to get you the best possible rate, and I’d wager most other agents feel the same way.

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