http://www.msn.com/en-us/money/realestate/millennials-are-shrugging-off-homeownership-maybe/ar-BBsSep3
I love the way that this article sums up Millennials and homeownership. Some of them are just too young to purchase and many Millenials are in large cities, SF & NYC where it home prices are out of their range. Like so many of these articles it again references student debt and that monthly repayments on that debt. Most loans are repaid in 10-15 years so time will tell!
"Keep sorting through the data, and the bottom line is that - very probably - many millennials in fact do want to buy. But between constrained job prospects, debt loads, and fiercely high home prices in ideal cities, they just can't."
No comments:
Post a Comment