I'm a Millennial. How Will I Ever Be Able to Buy a House?
If you're a millennial dreaming of buying your first home, you're not alone.
Only about half of millennials, the generation born between 1981 and 1996, are now homeowners, and their rate of homeownership trails behind those of Generation X, Baby Boomers, and the Silent Generation. In fact, the rate of homeownership has declined for each succeeding generation, according to a report by Apartment List, and many of the millennials that have been able to do so have had help from family.
It's also no secret that millennials are at a financial disadvantage compared to earlier generations. Millennials came of age during the great financial crisis, and are also facing higher student loan burdens than any earlier generation.
Source Fool.com
