I am a millenial and I know exactly 1 couple who own their own home, and they required help from their relatively wealthy parents, plus they themselves went into massive, massive debt to get it. They both had very well paid jobs when they bought the house, like top 30% of income in the country. And they regret how much they’ve spent on the house, it’s completely ruined their finances for the rest of their lives.
As for the rest of my millennial friends, none of us could ever imagine owning a house, with a few of my friends being couchsurfers because their jobs don’t pay enough to even afford rent.
And we don’t even have basements in houses in Australia.
I am a millenial and I know exactly 1 couple who own their own home, and they required help from their relatively wealthy parents, plus they themselves went into massive, massive debt to get it. They both had very well paid jobs when they bought the house, like top 30% of income in the country. And they regret how much they’ve spent on the house, it’s completely ruined their finances for the rest of their lives.
As for the rest of my millennial friends, none of us could ever imagine owning a house, with a few of my friends being couchsurfers because their jobs don’t pay enough to even afford rent.
And we don’t even have basements in houses in Australia.