Exclusive: most renters surveyed by Harris Poll say the areas they live in have become so unaffordable they are ‘barely livable’
The poll, conducted by the Harris Poll Thought Leadership and Future Practice, asked survey takers to identify themselves as renters or homeowners, along with other demographic information. Those polled were asked their opinion on home ownership in the United States. For many, especially renters, the outlook is bleak.
Though the vast majority of renters polled said they want to own a home in the future, 61% said they are worried they will never be able to. A similar percentage believe no matter how hard they work, they’ll never be able to afford a home.
“When you think about Maslow’s hierarchy of needs, and housing is right at that foundational level of security, the implications on consumer psyche when things feel so unaffordable is something that will impact everyone,” said Libby Rodney, chief strategy officer at Harris Poll. The American dream of owning a home “is looking more like a daydream for renters”.
Perception doesn’t meet reality in this case.
Admittedly we are at a high point and prices are strained, and we should work to reverse that trend. However, home ownership is still very much obtainable. Gen Z is already doing better than millennials.
https://fortune.com/2024/01/17/redfin-baby-boomers-gen-z-housing-market-homeownership/
Gen Z already is at 26%.
WTF? Aren’t the oldest Gen Zers only like 25? Never mind doing better than millennials; 25% of 25-year-olds owning houses is surprising for any generation.
Yeah it’s almost like it’s bad in certain parts and most of the complainers are trying to live somewhere super popular like Cali or Colorado and wondering why it’s expensive in more popular places…