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A Generational Wealth Gap: Housing Is Unaffordable for Young People

4 pointsby vwoolf12 months ago

1 comment

throwawaysleep12 months ago
No, it is unaffordable without parental help, which record numbers are getting.<p>The rate younger generations are buying homes is at its earliest with Gen Z. Gen Z owns more homes at their age than prior generations [0].<p>[0] <a href="https:&#x2F;&#x2F;www.forbes.com&#x2F;sites&#x2F;katherinehamilton&#x2F;2023&#x2F;04&#x2F;21&#x2F;gen-z-ahead-of-millennials-and-their-parents-in-owning-their-own-homes&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.forbes.com&#x2F;sites&#x2F;katherinehamilton&#x2F;2023&#x2F;04&#x2F;21&#x2F;ge...</a><p>The median income statistics don’t matter as you don’t use a median income to buy a home. You use parental money + income to buy a home.