The answer is right on the surface, but not usually spoken about very openly: Intergenerational wealth transfer. Every single millennial home-owner that I know

The answer is right on the surface, but not usually spoken about very openly: Intergenerational wealth transfer. Every single millennial home-owner that I know (myself included) received a very generous gift from their parents, or, in some cases, other surviving relatives (usually older than them). The average gift size was approximately the size of the down-payment. > They just live in different places, places that we don't think are good enough. Young people generally live approximately where their parents live, regardless of what people think about that place. NYT found the average distance from parents that people live at, is approximately 18 miles. The reasons, again, should be fairly obvious.