over the past decade:"Why aren't young people buying houses anymore?" The answer, according to a recent survey, is simple: money.
Most members of the Gen Z and millennial generations – U.S. adults between the ages of 18-25 and 26-41, respectively – do want to own a home someday, or even right now. Their biggest roadblock is affordability, respondents said in aThe findings: Nearly three-quarters of American adults still view homeownership as a top hallmark of achieving the so-called American Dream, beating out the ability to retire , a successful career and having children .
Specifically among millennials, 65% identified homeownership as a top sign of success. That number fell to 59% for Gen Zers — still a large figure, and neck-and-neck with that generation's top choice of having a successful career .
MakeIt Nothing like owning a home. 🏡 I hope it’s the same for everyone.
MakeIt Aren't the top 3 essentially the same?
MakeIt Ummm…it costs too fricking much?
MakeIt Finally CNBC is coming thru with important information, CNBC is just getting better, sully is helping
MakeIt ROFL!
MakeIt Isn’t that the answer to all their problems?
MakeIt ban purchases of single family homes by hedge and equity funds- its a form of racketeering and should not be allowed. but you all know that in the big seats and do not care as you laugh out in the Hamptons in 1 of your 5 mansions owned. The system is disgusting.
MakeIt not just millennials, its many people- they want to force you into deed restricted fake buys- so you own nothing for the future takeovers.
MakeIt Traditionally it has been a financial reach for first time home buyers. What makes these generations any different? Have they become used to just being handed things?
MakeIt Wage growth ain’t keeping up so most will move back in with their parents for 3-5 years
MakeIt 70 yr old plywood and drywall expire date was 30yrs ago?
MakeIt If I would have guessed I would’ve been right
MakeIt いつでも逃げられるようにですよね😂
MakeIt The problem is housing stock is being hoarded by investors. Also, the house flipping phenomenon artificially increased prices of houses in a way that was out of sync with wage growth. Now, houses are too expensive & mortgage rates are out of sight. Home ownership unobtainable.
MakeIt Yet no inventory in blue jersey
MakeIt Wow. Nothing about race. Impressive.
MakeIt Needed a survey to answer this question 🤨
MakeIt filed under...'no shit Sherlock'
MakeIt How many of these GenZ/Millennials are also trying to buy something in 'Downtown'where it's expensive. They want the Apartment on Broadway and get pissed when they can only afford an apartment in Poughkeepsie. If you can't afford it, move farther away and commute.
MakeIt With millions of criminal aliens invading the USA, where are they going to live? They are going to invade your house and squat there while you are away. When you come back home, you will find that you have no place to live.
MakeIt But your “Brandon” said the economy under his regime has never been better…. are you sure you are not spreading fake news?
MakeIt Yep, products of 40 years of government schools, BUT they have a lot of “self esteem”
MakeIt Who would have said that?
MakeIt
MakeIt Yeah, how're ya gonna buy a house with no doe
MakeIt I propose a new GI type bill where first time home purchases are subsidized for qualified buyers in a way which makes purchases possible.
MakeIt
MakeIt Re gen z not buying houses: Biden says the economy is doing great. Who's lying? The ppl or the prez or MSM?
MakeIt Better to stay with Mom, she's does all the cooking and laundry
MakeIt Gotta work five days a week.
MakeIt Wow!!!
MakeIt Duh
MakeIt And don't forget the policies of the Biden Regime have created the worst inflation in over 40 years! skyrocketing all the interest rates on housing .This isn't complicated. You get what you vote for!
MakeIt lol...pretty hard to make money when ur living off your parents and hiding in their basement. That describes Generation X perfectly
MakeIt They’re buying luxury goods instead, to flex on social media.
MakeIt Well a few less trips and Starbucks. Don’t need a new iPhone every year
MakeIt Maybe get a job instead of those freebies
MakeIt Build a cheap printer house and rent it out to young people, or long-term lease with long-term installment and later acquisition of ownership Build, lease or sell new homes in the Typhoon are
MakeIt Why does the total far exceed 100%. Clearly this is BS stats painting a picture that fits the narrative of someone’s agenda. Typical
MakeIt SIMPLE FIX!!!! Great a damn job!! Get a degree that can support your sorry a$$es and families, grow a backbone!!!
MakeIt You didn't need a survey to find that out. Smdh
MakeIt Biden’s America
MakeIt These are the reasons now but when this Millennial bought a house in 2013 I was called a moron because I quote 'what is the market crashed again?' or 'what if you lost your job and had to move' ' Renting is better with less downsides'.
MakeIt Its student loan debt! Invest in Americans, CancelStudentDebt POTUS SecCardona using the Higher education Act and then energize one of the largest voting blocks in the country!
MakeIt Nobady can afford these home prices!
MakeIt Top 4 reasons…Biden’s fault…but hey they can murder babies!
MakeIt We really needed a survey?
MakeIt WeKnow that KenGriffinLiedUnderOath
MakeIt Well color us shocked 🙄
MakeIt Jeeez this is so obvious!
MakeIt Why is 'Spent money on Crypto' not an option? 🤨
MakeIt 🤣🤣🤣🤣
MakeIt Almost like housing went up 50% while wages went up 5%
MakeIt And they don't want kids. They are too expensive.
MakeIt Lol. Who knew you needed money to buy a house or anything else.
MakeIt Don't blame Democrats!. Blame yourself for voting for them! NormalPeople VoteRed
MakeIt Don't blame Democrats!. Blame yourself for voting for them! NormalPeople VoteRed
MakeIt so DC'ed with us zoomers
MakeIt Hey I'm a Wells Fargo Employee and can guide you to the alarm phone calls in which customers sounded off of being discriminated against and led into 40 year post forbearance modifications. This is an egregious abuse of our customers right to fair and equal housing.
MakeIt It costs like a million dollars to live in Kamas Utah. Yes, Kamas.
MakeIt They’re busy trying to figure out their gender.
MakeIt Check back in a year.. with this administration prices might hit an all time low on housing. The problem will then be no jobs available in the future bad economy.
MakeIt Top 4 things basically the same thing
MakeIt Shocking
Renting doesn't seem to be much better.