Boomers won’t part with their homes, and that’s a problem for young families | CNN Business
www.cnn.com
Buying a family-sized home with three or more bedrooms used to be manageable for young people with children. But with home prices climbing faster than wages, mortgage rates still close to 23-year highs and a shortage of homes nationwide, many Millennials with kids can’t afford it. And Gen Z adults with kids? Even harder.

Buying a family-sized home with three or more bedrooms used to be manageable for young people with children. But with home prices climbing faster than wages, mortgage rates still close to 23-year highs and a shortage of homes nationwide, many Millennials with kids can’t afford it. And Gen Z adults with kids? Even harder.

Meanwhile, Baby Boomers are staying in their larger homes for longer, preferring to age in place and stay active in a neighborhood that’s familiar to them. And even if they sold, where would they go? There is a shortage of smaller homes in those neighborhoods.

As a result, empty-nest Baby Boomers own 28% of large homes — and Milliennials with kids own just 14%, according to a Redfin analysis released Tuesday. Gen Z families own just 0.3% of homes with three bedrooms or more.

  • Flying Squid
    2•10 months ago

    I suppose I could have found articles about things I didn’t know people said, but I decided to go with the ones I did know about.

    And CNN is whatever its WB masters think will most benefit them… but if you think it’s left-wing to allow two Republicans to spend a huge amount of prime time on your news network spewing their false talking points unchallenged except by each other, I don’t know what to tell you.

    • @[email protected]
      -1•10 months ago

      I suppose I could have found articles about things I didn’t know people said, but I decided to go with the ones I did know about.

      Right, and then say other people said it, it’s just an odd choice.

      And CNN is whatever its WB masters think will most benefit them… but if you think it’s left-wing

      “Are democrats left wing” is another convo, but CNN is demonstrably democrats. That’s like denying Fox is “the republican one.”

      allow two Republicans to spend a huge amount of prime time on your news network spewing their false talking points unchallenged except by each other, I don’t know what to tell you.

      The entire network is a challenge to the republicans, they’re literally the news outlet of “the other side” as fox is to the republicans. Idk what to tell you dude.

      • @[email protected]
        3•10 months ago

        It seems you’re operating on old news. CNN has changed hands and its stakeholders expressly want CNN to be FOX.

        They’re happy leaving the libs MSNBC.

      • Flying Squid
        3•10 months ago

        but CNN is demonstrably democrats.

        The entire network is a challenge to the republicans

        Again- why did they devote a large block of prime time to allow Republicans to spew talking points unchallenged if that is true?

        • @[email protected]
          2•10 months ago

          My mistake, it has been brought to my attention that they have come under new ownership as of late and that my info is no longer true, that’s my bad.