---
title: "The Truth About Homeownership in 2019"
url: "https://servingsandiegocounty.com/homeownership-dreams-this-2019/"
post_type: "post"
date_published: "2019-02-06T04:00:20+00:00"
date_modified: "2019-02-01T18:12:22+00:00"
categories: ["Buy a Home", "Buyers", "Real Estate"]
---

# The Truth About Homeownership in 2019

Big Homeowner Energy: How Gen Z Is Buying Houses (Even in This Economy)
				
				
			
				
				
				
				
				

			
				
				
				
				
				
Are you dreaming of buying a home this 2019? Despite affordability challenges, California renters continue to hold ownership in high regard and aspire to purchase a home eventually as a lot of people still want to live in their own home.
Here are the advantages of homeownership according to renters:

21% say that homeownership provides a good and long term investment.

19% say that homeownership gives them the freedom to do what they want in their home.

12% say that homeownership allows stability to plant roots.

Here’s what’s hindering renters from becoming homeowners:

Only 40% of renters are familiar with the credit and loan criteria needed to purchase a home. 
14% of renters are under the impression that more than 50% down payment is needed to purchase a home.
Nearly 40% of California renters believe that more than 20% is required to become a homeowner. 

These misconceptions result in many renters delaying their home purchase or giving up on the dream of homeownership. If you are a renter, talk to your real estate professional or better yet get in touch with one of the agents Broadpoint Properties so we can help you on how you can become a homeowner.