In 2022, 52% of millennials owned homes overall but only 42% were homeowners by age 30, significantly lagging behind Gen X and baby boomers.
Interesting thread! It makes me wonder if trends like co-buying or lifestyle preferences are shifting the game. What factors do you think have the biggest impact on millennials defying economic odds for homeownership?
A deeper look reveals that although many millennials do achieve homeownership, the device by which they manage it often contains compromises compared to previous generations. It seems that rather than indicating a more affluent group, these numbers reflect a strategic adaptation to stricter mortgage conditions, higher living costs, and shifting market dynamics. In personal observation, many millennials delay purchasing until they can align their resources with realistic property expectations while prioritizing long-term investment over immediate gratification.