By the time many millennials do buy homes, they're older and less likely to move around as they settle down. They've also had more time to build wealth, which means they might be able to afford higher-end homes.Millennials are waiting longer than ever to buy homes — here's how many years it takes to save for a down payment in 25 major US cities"When [millennials] buy their first home, they're buying a much nicer home than a prior generation," Rascoff said.
Toll Brothers Inc., the largest US luxury-home builder, said that nearly a quarter of its 2017 sales were to those aged 35 or younger, reported Prashant Gopal ofBecause they're waiting longer to buy, millennials have time to build enough wealth to make their first home a luxury home.
"Part of it is generational — millennials didn't feel the need to buy a starter home, and maybe couldn't and they waited until they were in their 30s," she said."Maybe now they're just skipping over the starter home and buying a higher-priced alternative."3. They're buying vacation homes instead.
How can we be certain that it's not because Millenials simply read this article?
They have no money and the money their parents got from their parents through inheritance or gifts has been spent by the Baby Boomers on themselves.
we're screwed because this idiot older generation has been running a debt dollar since 1970s and artificially increasing housing prices to abnormal levels through a ponzi scheme system. Honestly old people should just sit the f down now. If you are 40 or older stfu and sit down b