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The chart in the article shows 25% homeownership rate for Gen Z 19 year olds. So if you meet a current 19 year old there is a 1/4 chance they own a house? It’s
by d-m-m 2y ago
The chart in the article shows 25% homeownership rate for Gen Z 19 year olds. So if you meet a current 19 year old there is a 1/4 chance they own a house? It’s total nonsense, Redfin has fabricated this data. The median age for first time mortgages is 35.
- mulmen 2y agoDid they count houses owned by 19 year olds rather than 19 year olds who own houses? Is this some kind of tax dodge where you “gift” a home to a child? When I was in college I had several friends who “owned” their homes because their parents bought it for them. All the children in the family used those homes in school, then they were sold at a profit.