A millennial couple who earn $250,000 say they can't find a home in their budget. They're cutting back on retirement savings and childcare.
  • WoahWoah@lemmy.world
    57·
    3 months ago

    As I mentioned elsewhere, over half of millennials own their own home. So it’s more like houses are for the 53%, but I take your point.

    • HubertManne@moist.catsweat.com
      3·
      3 months ago

      is that statistic own their house outright or have a mortgage that once they pay off, if they pay it off, will then own it. Either way Im amazed its 50% but remember in 2008 mortgage rates were about 6%

      • WoahWoah@lemmy.world
        1·
        3 months ago

        The majority of all homeowners have a mortgage.

        Yeah, mortgage rates are definitely higher now. 30 year fixed rates are around 7%, if your credit score is around 700. Still around 6% with high credit scores.