Why aren’t Millennials buying homes?

Homeownership in the US is on the decline. Meanwhile, rental prices are soaring. For many Millennials with student debt, owning a home is a distant reality. So, will the Millennials stuck in the rental market ever break out of it? Is it a big deal if they don’t? And how are Millennials changing what American homes look like? Lou explains.

SOURCES & FURTHER READING

Urban Institute on Millennial Homeownership
https://www.urban.org/research/publication/millennial-homeownership

Pfeiffer’s paper on Millennial housing in cities
https://www.tandfonline.com/doi/abs/10.1080/17549175.2019.1626267?journalCode=rjou20&

Cory Booker’s affordable housing plan
https://medium.com/@corybooker/corys-plan-to-provide-safe-affordable-housing-forall-americans-da1d83662baa

Julián Castro’s people first housing plan
https://issues.juliancastro.com/people-first-housing/

Redfin’s analysis of Elizabeth Warren’s student loan proposal
http://press.redfin.com/news-releases/news-release-details/redfin-millennials-could-buy-homes-3-years-faster-under-sen

CREDITS
Writer: Louis Foglia
Editor: m.cho
Researcher: Hannah Miller
Supervising Producer: Allison Brown

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