5 ms·
Millenial homeownership is almost at 50% this year. The people priced out are the loudest, but it's not overwhelmingly common in most parts of the US.
by alex_sf 5y ago
Millenial homeownership is almost at 50% this year. The people priced out are the loudest, but it's not overwhelmingly common in most parts of the US.
- Miner49er 5y agoThat's still way lower then older generations.
- ac29 5y agoOf course it is, Millennials are as young as 25 this year. Its doubtful many can afford a house just a few years out of college (and even more doubtful if they didnt go to college). Even those that can may not be ready to settle down and commit to such a large purchase.
- Miner49er 5y agoYeah, but it's still also lower then it was for the older generations when they were at the same age.
- djrogers 5y agocitation?
- Miner49er 5y agohttps://www.apartmentlist.com/research/homeownership-by-generation https://www.apartmentlist.com/research/homeownership-by-gene...
- Thorrez 5y agoOlder generations also went to college less frequently, so had less student debt and were able to start buying houses sooner.
- itake 5y agoI don't know if this is a problem? I am perfectly happy focusing on my career and my hobbies and not worrying about home repairs, insurance, taxes, natural disasters, etc. It is more financially and emotionally rewarding for me to prep leetcode, solve software problems, etc. than it is to deal with home renovations, plumbing repair, etc. on a home. Plus the flexibility of location is huge. I can follow the job market much easier if I am not locked into an address.
- gtaylor 5y agoNot everyone has the same goals or mobility as you. What you described is especially tough for families with kids.
- itake 5y agothe mobility will be less valuable, but I'd imagine if I had children, renting would give me more time to spend with them since I won't have to maintain a home.
- admax88qqq 5y agoOlder generations consumed resources at far higher than sustainable rates. I don't think older generations is an acceptable benchmark.
- refurb 5y agoIndeed. Canadian home ownership is a decades long high yet housing affordability is a hot topic.
- Doches 5y agoIt's not so much that they're the loudest as it is that the other 50% of us are busy living in affordable parts of the country and getting on with our lives.