Houses for sale – A disturbing trend among new generation

Houses for sale is one of the disturbing trends that is commonly observable across metropolitan cities, towns and even villages. The sellers happen to be mostly new generations who have inherited the properties from their ancestors and are now finding it difficult to purposefully utilize their inheritance instead opting for sale is where they find more advantages instead of retaining their properties with a sense of pride.

Houses for sale mostly ancestral ones

Sale of mostly ancestral homes is quite a common advertisement that can be globally seen in any newspaper under the classifieds section.

Sale of ancestral houses instead of retaining is unfortunate

For new generation a new trend is fast spreading across globally wherein local newspapers are full of classifieds soliciting sale of ancestral properties by the current generations. Even villages and rural areas are also witnessing rise in sale of ancestral properties.

The sale of ancestral houses which ideally one should be proud of is really unfortunate trend and needs urgent social attention.

Alarming to see sharp increase in number of people selling heir ancestral properties

It is alarming to see people trying to dispose of their parental / ancestral properties just for the sake of expecting good returns.

Lack of attachment with inherited properties

Psychologically it can considered to be a lack of attachment among the current generation with the inherited properties since most of the new generations get lucrative work opportunities outside their homeland and they are unable to find any connect with their birth places or the home where their childhood was spent.

Selling parental home is as easy like any other day to day decisions for new generation

Yes this is a hard truth and sad reality about the mindset of the present generation for them deciding to sell their inherited houses is like any other day to day decisions which is quite easy to take since they lack a sense of attachment to what ultimately they are planning to dispose off.

Sale of houses - Economics overpowers sentiments

Philosophically speaking It is a hard truth of our today's what we term as ultra modern existence that it is economics that further dilutes the sense of attachment if at all it even exists in the mind of the present generation while they decide to dispose of their parental properties.

Sale of houses seems to be an all profits deal

Selling off ancestral properties appears to be an all profit deal for the young generations living away from their ancestral homes due to work or any other reasons.

Yes because the present generation simply inherited the property, so for them it is like a kind of all profits deal as they never invested anything in terms of money they have spent not even a single penny or to express it further in form of their efforts it is their zero efforts in constructing these properties.

Therefore whatever return they expect to get from the sale seems to be like pure financial gains for them out of these deals.

Sale of houses influenced by concept of nuclear family

It is a harsh reality as the concept of nuclear family system is fast replacing the earlier joint family system especially in Indian subcontinent and some other parts of Asia and world so the present generation is not obligated to retain the ancestral properties and instead they find it more beneficial to dispose of the ancestral properties for financial gains.

Disposing off ancestral properties is a preferred option

To simply dispose of ancestral property is more preferred by the young generation instead of retaining it for next generation as that is more taxing in terms of finances and efforts and therefore seems to be more practical decision.

Factors influencing sale of houses

a) Lack of time & resources for maintenance of ancestral properties

Another important reason could be lack of time and resources for maintaining these ancestral inheritance as these properties require lot of time and resources for maintenance & care.

b) Sale of houses due to growth of flat culture

The modern concept of living has evolved and young generation prefers to live in flats instead of spatial bungalows due to the requirement & constraints of the modern lifestyle. This is another factor for lack of finding any purpose in retaining the inherited properties by the new generation since for them it appears to be only a form of burden on their shoulders & they feel more interest and benefit in getting these assets en-cashed as early as it is possible so they can utilize the gains as per their financial requirements.

c) Sale of houses due to availability of work opportunities in far off places

This is another harsh reality of modern day struggle for livelihood the present generation is not able to find suitable work opportunities locally in their native places hence they have to settle at distant places therefore the properties back home hold no utility for them and they prefer disposing them off.

d) Sale of houses due to pressure of mortgages

The present generation is mostly working far away from their home land.

They need to buy flats or maintain cars and other assets for their convenience hence there is a lot of psychological pressure to make arrangement for their mortgages every month.

Therefore they a under pressure to sell their inherited properties.

Need of finding self employment options to make use of inherited properties

All these aspects urgently create a need to find suitable work from home or self employment options and opportunities at large scale levels.

Creating more opportunities to work locally for the present generation can save them from taking the painful but compelling decision to leave their home land in search of greener pastures.

Parents must encourage their children to up skill with a mindset of self employment

It is also needed to counsel and guide the parents and guardians to promote the mindset to up-skill in such vocations wherein their child can easily find a good professional work opportunity safely and happily I their own home town.

This sort of up-skill professional vocational courses which easily offer humongous scope of self employment at their native places can really save our young children from encountering the painful stage of deciding to leave their own city just for the sake of earning their livelihood.

In case detailed career counselling & guidance is needed for identifying career vocations that offer more scope of self employment at native level with potential of good earning and growth potential feel free to connect and take our help on following link