78% of Baby Boomers own their house…verse 38% of millennials

A small share of Millennials / Gen-Z own their home - approximately 38% according to the US Census Bureau. That rate is basically half the homeownership rate for the Baby Boomer population, of whom nearly 80% own their home.

This divergence in generational home ownership is being driven by how expensive home prices have become in the last 20 years. With the inflation-adjusted home price in America now 80% higher than the long-term norm.
---

DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.

[DxBlack]

If it pops, they'll scream it's too risky to give out mortgages and instead sell them to the people who caused the bubble to begin with.

[JohnDaniels]

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson

[lha]

*You will own nothing and be happy "

[connorhunter]

Also rent has gone up 2888% in the same time wages have only gone up 180% hard to save up for a 50, 000 deposit when you spend 80% of your wage on rent and cost of living being the other 20% hard to save up £0 each month to equal £50, 000

[funnyfarm]

When I got out of the Army in 1970's I bought a house with 990 Sq. ft.. I don't think they build houses that small anymore. Look at the annual parade of homes; it is not geared toward starter homes, they are for upper middle class. We need small starter homes made in such a way that they can be added onto later on.

[JohnDaniels]

We are getting poorer precisely because a narrow elite has organized society for their own benefit at the expense of the vast mass of people. Political power has been narrowly concentrated, and has been used to create great wealth for those who possess it.

[amma]

I'm so glad i dont have to deal with this. I feel bad for those who are paying 1500 a month for a 1 bedroom apt... my mortage when i had it still for my 3 bedroom house was only 900 bucks...

[newkirk]

way back in 1982, my dad paid $24, 000 for a three family home that i grew up in.

[LiveTUNA]

I owned my first home in 2008. Then overnight my bank sent me a notice that they defaulted on the loan and I had to pay $210, 000k in 30 days. The entire home market crashed and I lost my house. Turns out that the way the lender wrote the loan, it was a hard money loan. No idea what that meant but they got all the cash from the bank and they did this to hundreds of first time buyers. It was all over the news and the company and the lenders were arrested and sent to prison for 8 years. I've been stuck renting ever since. Couldn't even buy a car until about 8 years ago but I still needed a cosigner.

[JohnDaniels]

It's Called the American Dream Because You Have To Be Asleep to Believe It" – George Carlin.

[wingsaseagles]

Because America is now a poor country and people just don't realize it yet.

[akumacode]

In the last 20years there's been only one very brief period where housing was "affordable" for millennials. And that was 2019. Most of my millennial family members got their house when interest rates were still pre pandemic. Even then, the prices were out of reach, and they wouldn't have been able to afford it if mommy and daddy didn't help with a sizable down payment contribution

[becomingabetterhuman.]

Yeah screw this society I have stopped caring about stuff and retracted as much as I can from the market done playing this game. Sold most of my stuff quit being master Ferrari tech of 18 years. Getting an easy job and spending time with family as much as I can.

[james]

And when homes do become affordable, all the "experts" will tell you with great confidence that they aren't worth buying, they're terrible investments, and renting is such a bargain in comparison.

[recipesandsongs]

People just conveniently forget about genX

[Nothinghere]

It's not just millennials it's also Gen x and baby boomers and soon to be Gen z The price of these mortgages with the interest rates are selling outrageous that most people can't afford it because most employers aren't willing to pay what their employees what they're actually worth it's a no-win situation

[michaeldmingo]

They don't build enough houses on purpose because as long as supplies are less than demand prices will rise.

[alphaomega]

The 38% own a huge debt obligation known as a mortgage. So no, no one owns their homes. 😳

[johnhousey]

In the US owning just means “usership” anyways..

[mikopaq]

What percent under 35 yrs old owned their homes in 1990's?