These sorts of anecdotes don't seem so useful without more demographic and geographic context. When I moved into my first rental at 23 in 2015 in a suburb of V

These sorts of anecdotes don't seem so useful without more demographic and geographic context. When I moved into my first rental at 23 in 2015 in a suburb of Vancouver, the owners of the new condo were probably also millennial, just on the upper end. I was paying ~1450 CAD which was relatively very high for the time, but I couldn't find another viable place and was already by that time stuck in a monthly airbnb. They said they bought it for around ~250k. Not necessarily an extreme amount, if I already had years of income and luck on my side. Fast forward to post-pandemic, and now I have even less in absolute dollars, while the same place has more than doubled in price, and rent has probably increased by about $800/m. Now 32, prosperity of normie standards pretty much seems out the door, so instead I'll occasionally spend a bit more on adventure, but much less frivolously than I think boomers and home-owning millennials tend to. The cost of a 2 weeker in a different continent can be less than the tax on a car. Fwiw I've also always been extremely frugal, but do now value my community more than money, because when you lose your job or face real hardship, you'll need the people you were already investing your time in. Whether a millennial owns a home or now comes down to a few factors; what do they earn, how long have they earned it, where do they live, and did they get inheritance. If you've never lost a job, live in a LCOL area, are frugal, and got in earlier, great.