> Gen Z home ownership is outpacing millenial home ownership at the same age. There's a lot of denial around this topic because everywhere you turn there's a Reddit post or news headline about how housing is impossible to afford.
It's more the case that Gen Z is giving up on having the homes that Millennials want in the places they want them. They're buying fixer uppers, moving into 3rd/4th tier cities, etc. They also have some benefits millennials didn't have: inheritances and way less student loan debt.
You can look at this in a number of ways, but it's clear we didn't solve the problem of "so you want to live in NYC/LA/Chicago/SF/Seattle".
It's more the case that Gen Z is giving up on having the homes that Millennials want in the places they want them. They're buying fixer uppers, moving into 3rd/4th tier cities, etc. They also have some benefits millennials didn't have: inheritances and way less student loan debt.
You can look at this in a number of ways, but it's clear we didn't solve the problem of "so you want to live in NYC/LA/Chicago/SF/Seattle".
https://www.nar.realtor/magazine/real-estate-news/how-gen-z-...