Generation Z leads in home ownership, beating out millennials & Gen X (FORBES)

I'm lucky in that I inherited 3 properties, 2 through my wife's grandmother, and 1 through my parents. Those properties put me way ahead of the game. It's great not having a mortgage, and only $250 a month in property taxes.

"The Gen Z generation is tracking ahead of Millennials and Gen X for homeownership, a new Redfin study shows"

[link to www.forbes.com (secure)]

[link to www.businessinsider.com (secure)]

I guess all of their tik-toking, youtubing, and instagraming is starting to pay off? Many of these Zoomers have internet side-hustles to make extra money.

My Gen-zer has a $160,000 condo. His old millennial babysitter lives with her mom.

MoS

i call bullshit on that report. it's demoralization propaganda meant to divide and misinform.

I wonder if the boomer remover and inheritance is the thing fueling this shift?

How does he afford it? Career, trust fund ??

How does he afford it? Career, trust fund ??

It's a misleading study.

It's comparing Gen Z at age 20 TODAY, with Gen X when they were 20 (30+ years ago).

Gen Z age ranges from: 8 years old - 23 year old (today)

The 'study' attributes higher Gen Z home ownership to the extremely low interest rates during the pandemic, along with the free money the government was handing out.

It doesn't factor in the much higher foreclosure rate that's happened over the last 6 months on Gen Z home owners.

Here's the RedFin 'study': [link to www.redfin.com (secure)]

From article:

Roughly 30% of 25-year-olds in 2022—the oldest of the Gen Z (born between 1997 to 2013)—owned their home in 2022, a slightly higher percentage than the 28% of Millennials (born between 1981 to 1996) who owned homes at that age and the 27% of Gen Xers (born between 1965 and 1980)—but lower than the rate for Baby Boomers (born between 1946 and 1964), 32% of whom owned homes at age 25.


1946-1964 equal 18 years
1965-1980 equal 15 years
1981-1996 equal 15 years
1997-2010 equal 13 years

I am not going to argue here the length of generations because i have found people don't want to hear that. But, it should be the same number at least.

Someone born in 2010 was 12 in 2022. Can a 12 year old own a house?

Plus it's home ownership by age 25.

This is a bullshit article.

"The Gen Z generation is tracking ahead of Millennials and Gen X for homeownership, a new Redfin study shows"

[link to www.forbes.com (secure)]

[link to www.businessinsider.com (secure)]

I guess all of their tik-toking, youtubing, and instagraming is starting to pay off? Many of these Zoomers have internet side-hustles to make extra money.

Its the baamers who changed everything by claiming their grandchildren have no jobs

then forced companies to only employ graduates

kicking every one out of work!



Baamers are the worst generation this world has ever seen, everything they touch turns to crap

Yep.

I pointed that out on page 1 (above quote), but most people on GLP don't read past the 1st or 2nd post.

Also car repos and home forclosures are on the rise over the last 4 months, and expected to greatly accelerate over the next 6 months.

[link to www.nbcnews.com (secure)]

This 100%.

It could also be that millennials suffered through the worst economic conditions possible since the Great Depression.

It’s okay though. Everyone hates millennials with a seething passion so if they all drop dead in the gutter and die from starvation, I guess they had it coming to them.

It’s always cool to see 16 year olds driving teslas when you’re still driving that 98 Nissan Sentra with enormous body damage and mismatched hood and doors.

I hope those little brats overdose in those McMansions.

Fuck ‘em.

Childless boomer here. Gen Z are wonderful in my experience. They are well adjusted go getters and don't seem to hate boomers like mills and exxers do.

My realtor and neighbors are Zees. They treat me like best buds. Will always have their backs.

It's a misleading study.

It's comparing Gen Z at age 20 TODAY, with Gen X when they were 20 (30+ years ago).

Gen Z age ranges from: 8 years old - 23 year old (today)

The 'study' attributes higher Gen Z home ownership to the extremely low interest rates during the pandemic, along with the free money the government was handing out.

It doesn't factor in the much higher foreclosure rate that's happened over the last 6 months on Gen Z home owners.

Here's the RedFin 'study': [link to www.redfin.com (secure)]