Now that I’m finally about to be in the market for homeownership, it’s becoming very clear that way way way too many homes are owned by corporations or the extremely rich. One reason home prices are laughably inflated.
It’s a story that’s very familiar to any millennials scanning the property market and lamenting the high cost of a home: renting just makes a lot more financial sense right now. Statistics certainly bears that out. Burns says that while his research shows that homeownership isn’t dead, he believes the younger generation will achieve a roughly 10% lower homeownership rate than their parents.