It’s not just cash-strapped millennials worried about housing affordability
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When millennials head home for the holidays this month, many who are city dwellers will be hosted by parents or grand-parents whose housing is far more spacious and financially secure than their own. Even guests with well-paid jobs in relatively stable rental markets will cast an envious eye at the.
The millennials who are the most vocal about how things are changing too fast in their neighborhoods: those in pierce county; millennials, generally strapped for cash, overwhelmingly want rent control. Concerned as they are about cost of living, millennials emphatically don’t want affordability to come at the expense of sprawl.
· Plus, they’re just not as “cool” anymore, at least not to the younger generation. Harley Davidson is introducing a more budget-priced ride in hopes of attracting cash-strapped millennials. These models will start at $12,000, which is about half the price of a more traditionally priced Harley.
The narrative of millennials not forming households and not buying homes is stale and overplayed. In fact, they’re just getting started, and their sheer size will drive activity in housing for.
Millennials are not going to save the housing market. Will they buy homes in other parts of the country where the typical home costs something like $230,000? Maybe. But that is a stretch for someone that is barely scraping buy. That is why we are facing rental Armageddon. But in areas.
· The millennial generation is cash-strapped, facing high amounts of student debt and high housing costs. The result is a generation that is constantly worried about money. A majority of millennials are dealing with significant amounts of debt-and it’s keeping them up at night.
"With spring "home buying season" just around the corner, the supply of starter homes is down more than 14% from last year, MarketWatch reports.. High housing prices hard on millennials.
The United States is facing an affordable housing crisis. Nearly two-thirds of renters nationwide say they can’t afford to buy a home, and saving for that down payment isn’t going to get.