Comment on A millennial couple who make $250,000 say they can't find a home in their budget: 'We refuse to become house-poor'

WoahWoah@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

• MerchantsOfMisery@lemmy.ml ⁨5⁩ ⁨weeks⁩ ago

  I’d venture to say a big chunk of those folks inherited wealth. Most millennial homeowners I know inherited money from grandparents, aunts, uncles, and/or parents.

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  • WoahWoah@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

    Roughly 3% of Millennials have inherited money according to the findings in Northwestern Mutual’s 2024 Planning & Progress Study.

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    • Lowpast@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

      Misleading statistic. This doesn’t include parents/grandparents who buy houses and then put their kids name on the lease.

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• Krauerking@lemy.lol ⁨5⁩ ⁨weeks⁩ ago

  Yeah… Maybe this is one of the ways I should start associating myself with Gen Z but they also have higher home ownership than boomers did at this age cause apparently the covid fire sale left them still with their parents money and cheap houses.

  I dunno I really don’t know how anyone does it but I have also been homeless 3 times since I started college so not really a great example.

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