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Will Generation Y Live The American Dream Of Buying A New Home?

Since the real estate meltdown happened in the 2007/2008 time frame, many families across America have seen their home prices plummet far from the original purchase price they paid, even with home improvements.  Others that bought properties in the mid to late 90’s saw a spectacular run of home price growth only to see many of those gains wiped away over the past four years.   With much of the home ownership across America dispersed between the baby boomers and generation X, there is a looming question around whether Generation Y will even want to own a home in the future.    Is this actually still an American Dream or merely something that has turned into a Nightmare On Elm Street?   Here are three reasons why Generation Y may not be a major purchaser of new homes over the next decade despite the incredibly low mortgage interest rates we are seeing today.  Heavy Student Debt – Many people in the 20’s are ...

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oXYGen Financial Hires Financial Advice Expert For Dentists To Lead Atmos Dental Advisors

(ATLANTA,GA) –September 23rd, 2011- Atlanta based oXYGen Financial, a growing leader in financial services for Generation X and Y individuals and business owners, has hired Chris Sands to pioneer a new business model focused on dental professionals called Atmos Dental Advisors.  This new venture will create a customized offering allowing dental students, residents, and practitioners across the country to gain access to a family office atmosphere catered specifically for the needs of dental professionals.   This is another addition to the growing brands of oXYGen, a cutting edge leader in the financial services industry. “Our family at oXYGen Financial keeps growing, and we are delighted to have Chris running our new venture specializing in dentists”, said Kile Lewis, co-CEO and founder of oXYGen Financial.   “Most financial firms are strictly pitching students and dental practitioners with insurance products or some basic tax services.   We believe that to help a dental professional truly succeed, you need a family office model that allows them ...

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So you wanted to have a child?

Over the last few months, I have noticed an interesting pattern happening among newly married couples. These are the young early 30’s couples who spend their 20’s growing their incomes, dining and entertaining like it was going out of style, and most importantly getting the American Dream (at least in their head) of having a $500,000 home with all of the toppings. These couples seemingly had nothing that could stand in their way of financial success. ...

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McMansion is part what caused McDownfall?

For all those gen-X and gen-Y out there, maybe you’ve realized that this bailout from the government around our financial future in my opinion really wasn’t totally around Wall Street, but it was in part for our own greed for wanting to have a big house as a first starter home. Who can blame us? Truthfully speaking, most people couldn’t really stand to have a $200,000 home for their first starter home. So, everybody wanted a McMansion. You saw it on MTV’s Cribs, Lifestyles of the Rich and Famous, and you even saw it on CNN and CNBC. Wouldn’t it be great to have the American Dream, but have it in surround sound. However, your American Dream wasn’t really to have a $200,000 dollar house. Your dream was to have exactly what you saw on TV. The $450,000 house with the four bedrooms, the Pottery Barn furniture, a beautifully landscaped lawn, and a hot tub to boot in the backyard. ...

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