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Millennials Have the Children, but Boomers Have the Houses
- humbleferret 3y agoAlways makes me chuckle, hearing 'boomer'. The article itself or the study it was based on are not that interesting Main points that stood out to me: — Millennials, despite being the largest generation, own far fewer large homes than empty nesters.(Large homes are defined as having 3+ bedrooms). + — Empty nesters are financially incentivised to stay in their large homes due to paid-off mortgages and high current housing costs. = — A mismatch in supply & demand, hindering millennial homeownership.
- billy99k 3y agoI'm a Millennial and have had a house for 10 years with 3+ bedrooms. The housing market is shit now, but I was hearing the exact same things 10 years ago (too expensive, impossible to get a house, etc) when the market was good. Many people want houses in the most desirable areas and have unrealistic expectations on prices. I have a house within a reasonable distance from a major city, but not in the city itself.