A new study finds that more single women than men are buying their own houses and living alone than ever before. As single-head of households, women now are more financially able to buy homes, plus they want more control over their social and economic lives.
A CNBC report found that “while the number of single women buying houses goes up with age, it drops for single men. Single women comprised 20 percent of homebuyers between the ages of 51 and 60 in 2016, but single men only made up 10 percent.”
The trend is part of women getting better jobs, being able to afford mortgages and the desire to have their own place they can call their own. The trend includes women who are widowed, divorced, and even some who are unmarried with children.
One factor that is driving all this is that women are getting married later in life, so if they want a house, they should buy it earlier than later. Women also want more control over their lives and don’t want to share their living space with someone they don’t want to be with. In short, they see this independence as a new expression of freedom.
This trend affects baby boomer women who are now empty nesters and want to buy single homes, as well as younger women who buy condos mainly for safety reasons. Women should also consider intergenerational housing that will help with sharing the mortgage and other home expenses, as well as some social interaction.
Also, as a person lives alone longer into adulthood, they are less willing to have someone else move in with them.
Citing a famous example, a clip in “Sex in the City” when all of the four main characters in the show lived alone, Amanda one of the show’s main characters, said that men don’t want to date a woman who owns here own place if they are just renting. It is a switch in the power structure and affects the relationship.
So if you can afford it and want to express your independence, buying a house may be the answer.