Generational Housing Affordability

Won't millennials eventually inherit those houses?

Probably a lot of that has to do with declining rates of home ownership. I am 40 and very few people own an appartment where I live. My parents owned a house by their late 20's.

I think a lot of the Boomers are going to get their comeuppance. At my age, my parents were on their third house. Most of my cohorts rent, and as I'm in a city where housing is now higher than before the crash, I wouldn't buy a home even if I could afford it. And I don't have school loans.There are going to be some disappointed Boomers in the next decade, when looking to sell their main asset, upon discovering nobody can or will pay their inflated prices.

Translation: ~30% of homes have been owned for more than 20 years, and guess what happens at the end of a mortgage and after 20 years of inflation? And guess how much money the top 10% have? Close to $2m counting their house...You'll be old one day, too - believe it or not.The boomers aren't special. They're just old.One day they'll be dead, and you'll be the old person everyone complains about who owns their house and bought if for next to nothing 30 years ago.

No, the article is about millennials, who in past generations would have bought a house by now, but in this generation generally have not. As they say, a 27 year old today is half as likely to own a house as they used to be. This page has a chart showing how home ownership has decreased for under 35s. https://www.resolutionfoundation.org/data/housing/

It seems to me that home prices are increasing at a much faster rate than incomes in many areas. The home ownership % of younger people is declining over time:https://www.prb.org/resources/u-s-homeownership-rates-fall-a...Given the perception (and perhaps reality) that they are worse off than their parents generation, it’

There have been some early signs of #1: https://www.businessinsider.com/millennials-vs-baby-boomers-...

I think it has more to do with a mismatch of expectations. Gen X and onwards were raised to beleive that that they can be anything they want and have whatever they want.If you look at the home ownership rate in the US, it is about the same but up over the 1960. Homes are also much bigger and nicer than they were.[1] https://en.wikipedia.org/wiki/Home-ownership_

The millennial answer to never being able to afford a home.

This is wild conjecture, but could it be that part of the trend of young people living with their parents is that the older generation has monopolized housing. The baby boomers have clamped down in a historically unprecedented way on the construction of new housing with height limits, environmental and shade analysis, obstructionism in local government, extremely high subsidized housing requirements for new projects etc etc. This has massively pumped up the value of their houses, but now their c