It comes from the fact that housing costs have increased exponentially while wages have stagnated. The same is also true for Healthcare, food, and education. Millennials are being forced to pay more while receiving less. Something has to give, and for a lot of millennials, that "something" is a home.
That is true the home ownership rate is down for millennials but still almost half of them own homes. Some people on here are acting like its a rare thing.
It's like a 25% decrease from previous generations which is pretty significant when it comes to what is considered the most important investment most people will ever make in their lives and the best way to create generational wealth.
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u/Philly139 Mar 12 '21
Where does the idea that millennial can't afford houses come from? The home ownership rate is almost 50% which I know is down but that's still half.