(RECAP: Much hand wringing has occurred over the fact that millennials are putting off what used to be one of the main achievements of adult life: buying a home. This ownership-interruptus has been attributed to everything from fast-rising home prices to towering student loan debt to the ultra strict credit requirements to score a mortgage. But it might have a lot to do with their fear of commitment as well. About 20% of those between the ages of 18 and 34 are likely to be afraid of the long-term obligation (30 years, for the full term of a typical mortgage) that buying a home with a partner represents, according to a recent NerdWallet survey. But commitment wasn’t the only thing survey respondents were scared about. About 71% of participants of all ages expressed other concerns ranging from the home needing repairs, their not having enough money left over for other expenses, and the sheer magnitude of the financial commitment of becoming a homeowner.)
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