It’s nice to see the boomers help out their children. They’re starting to get the picture with the way. The market is without help homeownership won’t be possible for a lot of people pretty soon.
The media is a joke. I'm Gen Z, graduated university debt free and work in finance. I don't know a single person in my age group whether from high school or university that has bought a home. Most still live with their parents or work minimum wage jobs. What alternative reality is this?
“Almost 3/4 of Gen Z’ers plan to buy a home within 6 years.” What a worthless poll. When we are young, most of us also plan to be millionaires within 6 years. Doesn’t mean anything.
@@Wydsbdjwu18393 bruh you really don't understand why this poll is trash do you? guess what, nobody is bitter. good for Gen Z if they buy houses. it's just bad poll design worth pointing out so CNBC doesn't keep funding garbage research. hope that makes sense, it's not all about you lil bro
Actual house buying data shows this as well. Gen Z are more financially savvy and save more compared to millenials/genx/boomers and are buying houses earlier.
@@videogamingmemoriesHah are you kidding me? They are lazy cry babies more obsessed with trends than any gen before. Don’t even get me started on subscription services and delivery app.
@@Minney-Mea lot of the cheap home prices are because there is little job opportunities in the area now with remote work it makes more sense but also realize the house price have a higher risk to fall than big cities.
And loads of these kids got the deposit from mum and dad . Thats the richer ones purchased there homes , the rest of gen Z cant afford the deposit now let alone a house . Have not even watched this doc. yet but i have seen this here in the UK . We need to let the housing market crash , its only making the banks rich , rich ,rich in the long run , not your offspring .
@@DavidGoggins-wk2wp Exactly this. If the remote work market dries up and you lose your job you're effectively stranded. Still might be worth the gamble with how ridiculous house prices are in the big cities though.
I bought my house in 2012, and there were just as many people whining about affordability then as there is now. As a millennial and per the data shown first in this video, my generation apparently had it harder than GenZ. It’s not easy, but it’s not impossible!
@@seanhepner7813are you stupid or just manipulative? 2012 was the BEST year to buy a home in the U.S. before average home prices started to skyrocket again AFTER the 2008 Recession. We don’t live in the year 2012, we live in 2024.
@seanhepner7813 I actually have to stay out of the fray - I downsized and moved to a lower cost of living area in 2021. Fixed interest rate of 2.5% on 200k loan. I am cutting a fat hog- others, not so much
I'm skeptical about the news that Gen Z is driving the housing market. It's more likely that their parents are the ones buying homes. I'm actually hoping for a housing crisis in 2025, so I can snag some affordable properties after selling off some of my own. I'm also considering investing in stocks as a backup plan. Does anyone have insights on the best timing for these moves? I've made some good profits from trading, but I'm concerned about market volatility and the risk of a dead cat bounce. Can someone explain why this market phenomenon occurs?"
Combining real estate and stock investments with a solid trading plan can be a winning formula. This diversified approach allows you to capitalize on market opportunities while mitigating risk, making it an attractive strategy for those seeking to optimize their investment returns.
Well said! In difficult market conditions, having the right expertise is crucial to thriving. Seasoned investors who have weathered previous storms, like the 2008 financial crisis, have a distinct advantage. They can leverage their experience and knowledge to anticipate and capitalize on emerging opportunities, setting themselves up for significant gains.
Lately, I've been considering consulting financial advisors to gain a fresh perspective, but I'm unsure about the practical advantages of their services. I'm weighing the potential benefits of seeking professional guidance against the costs, and I want to understand how their expertise could directly enhance my investment approach and results.
Finding financial advisors like Rebecca Noblett Roberts who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
This appears to be somewhat questionable news. It's more likely that Gen Z isn't the primary group buying homes; it's probably their parents. I'm eagerly anticipating a potential housing crisis to snag some affordable properties after selling off some in 2025. I'm also thinking about diving into stocks as a backup plan. Any thoughts on the ideal timing for these moves? I've made some good profits from trading, but I'm a bit worried about market instability and the possibility of a dead cat bounce. Can you shed some light on why this market phenomenon happens?
Investing in both real estate and stocks could indeed be a wise choice, particularly when accompanied by a carefully crafted trading plan to maneuver through profitable prospects.
In challenging market conditions, it's not about mistakes; it's more about lacking the expertise to thrive. During such times, seasoned individuals who weathered the 2008 financial crisis are best positioned to foresee substantial gains.
Contemplating the idea of consulting advisors for guidance has been occupying my thoughts lately. I'm at a point where seeking counsel could be beneficial, but I'm uncertain about the tangible advantages their services could provide.
Desiree Ruth Hoffman, my CFA, boasts a stellar reputation in her field. I suggest delving deeper into her qualifications. With her extensive experience, she serves as an invaluable asset for those seeking financial market advice.
I appreciate this advice. Desiree seems to possess a wealth of knowledge. Upon reviewing her online profile, I meticulously examined her resume, which left a strong impression. I have initiated contact with her and scheduled a session.
Some own housing in cheaper locations and rent that housing out to complement their income in order to rent a flat in a city that they are able to work (at subsistence level). So, in the end everyone rents, and each level speculates on the one below, making the current housing bubble worse.
It's not about hard work anymore... it's more like a lottery system... even though the ones getting the help try their best to hide it and pretend they're self-made
But let’s also understand that he put 3% down on a $210k house. He don’t exactly get a $100k payout from his rich father for a place in Silicon Valley. He likely only needed $10k to get into the house. Yes his timing was good but I know a lot of people by age 21, who 20 years ago, had $10k saved up in the bank. There is nothing special about his story.
What a ridiculous analysis. Focusing on a 21 year old kid who bought a home at sub 3% is a UNICORN, not the norm. Younger people are now willing to accept that they can either rent forever or sign for 30 years of debt. The low interest rates of covered were just luck for anyone who bought during the time.
It actually demonstrates the statistic well. Gen Z have been in their careers for say 5 years on average. More than 20% of that time was in an extremely low interest rate environment. That is significant compared to other cohorts where the opportunity for them to buy overwhelmingly came when interest rates were elevated.
What a bogus report. How can you say Gen Zs are buying homes when you're only speaking about a tiny percentage of them? Not only that you also say genz has more debt, suffering from inflation, and suffering from an inflated home market. I am a lucky millennial who purchased a home when I was 26. 3 years later it doubled in price. No way I could afford my house at today's price. So much BS in this video.
"Single" does not equal "buying alone." Every single gen-z buyer I know has had significant financial assistance from their family. This includes ultra-high-earners.
@notme9976 not a millennial, you know nothing of my personal or financial situation, and your aggressive tendencies as a keyboard warrior signal that you're a pathetic person
Unfortunately that's just a common misunderstanding. I say unfortunately because if it was the truth that corps and foreign investors own millions of houses that are sitting empty, it'd be an easier fix. There was a study that published a number around 40% for share of homes that are not being used as primary residences for the owner(s). But that statistic is actually only for single-family homes being rented out. Owned homes (including mortgaged ones) are much, much more common than single family homes being rented out. If I recall correctly, that statistic is specifically referring to detached homes, as in not townhouses and apartment complexes, or multi-family homes (though I would think the latter category is not as statistically relevant in this day-and-age). In reality, corporate and foreign investment ownership of housing is mostly a non-issue at-large. There are definitely areas where it is a large contributor to the problem of housing costs (aka housing shortage driving up prices, despite what others might say), like downtown Atlanta, as far as I know; because in such areas there is a concentration of that behavior, wheras in other areas it isn't so much an issue. Many of the cities where this is the case are young, growing, and in the sun belt (part of the larger trend through the last decades of massive population increases in that region), and thus are good speculative assets. But most places in the country are experiencing housing price crises because of zoning and other regulations, as well as "NIMBY" behavior. For the latter, as opposed to the common framing that it is necessarily bad that people don't want things in their area, it is understandable that not everyone is thrilled by the idea of low-cost housing developments in their area, which will be used by poorer people, which is an issue because poverty and crime are deeply interconnected, and crime lowers property values and just decreases quality of life anecdotally as well. There isn't really a good answer in a decentralized system such as in the US, because if an issue is resolved in one place, it essentially pushes it somewhere else until over time that issue is fixed and the next one comes around and the cycle repeats.
they must think we're on crack to believe this BS they're trying to spin .. No Gen Z is buying, it's their parents. Low salaries + less jobs + overpriced Housing 2x-4x from 3yrs ago .. THERE IS NO MORE MONEY TO GRIFT , WE ARE BROKE!!!!
This is real. Down the street from me the last two homes that sold in the same neighborhood have both sat empty for over a year after being sold. These homes were both over 1M dollars.. that street has maybe 20 homes (5 acre lots) so 10% of that neighborhood is unused homes.
Grandparents or rich parents. I'm not knocking it, because I'd want my kids to be well off as well. I just wish a lot of people would quit pretending they got it out the "dirt" or worked harder than everyone to get a home. It's like lying about working out, diet and such when you were just getting ozempic and HGH off your parents insurance. Be honest.
Wait. I thought the narrative was that gen Z was never going to be able to buy homes. Now apparently they are beating all the other generations to the punch? At least get your story straight 😂
Because these Gen Z are trust fund babies and their parents took advantage on the first time home owners government loans when the interests rates was at 4%. I know because i met a few.
Nonsense, there are jobs that pay six figures straight out of college. The trouble is, they tend to be in high cost of living areas so a six figure salary may not go as far as you would like.
“It was cheaper to buy a home than to live on campus”. He meant to say it was cheaper for my daddy to buy me a home, than pay for me to live on campus.
@@jon9103 A parent co-signed. That means that the kid pays for everything, but if the kid fails, the lender can go after parents assets for any shortfall. The kid in the video already has ~100k of home equity from apreciation and downpayment. The parent is in the clear if things don’t crash.
@@skyak4493 just because they co-signed doesn't mean they didn't also help in other ways. As far as I can tell, the video didn't explicitly say one way or the other and it's not something that he would necessarily go out of his way to reveal.
I guess CNBC didn't look at all the Tik Tok videos of Gen Z women who bought homes and now are selling them to move back into apartments because they were not aware of all the costs associated with home ownership and would rather have a landlord take care of problems that arise rather than themselves.
@@mcmans.the average home (including rented homes) has been “unaffordable” for several years now. That reality will come home to roost at some point or other..
@@mcmans.deglobalization and the reshoring of manufacturing will keep inflation high for years which means mortgage rates will also be high. Mortgage applications have been sinking and will likely not recover for a long time until rates drop or housing prices drop. The more likely one happening is the latter.
Read Fred Harrison, the world is in deep this time. The crisis is expected in 2026. It is (on average) a periodic 18.6-year cycle. The dept level as a percentage of the GDP is too great this time, and no one is going to lend the USA anything.
@@mcmans. That is an argument for a price correction. When the carrying cost of a home goes up, price should come down. The money to pay increased property taxes and insurance doesn't just materialize out of thin air.
Its not hard to put down 10% to 20% on 200k home in the middle nowhere if they started their career at 21 and bought at 24. You can save that much on 70k+ salary
@@notyourtypicalfarah7194 I think we are lucky as we are the first generation who can work/ own businesses remotely online. I have so many friends moving to Ohio and Michigan. Then you save so much on having the lower downpayment that you can actually afford a secondary home in a warm climate maybe in Jamaica or Belize to escape the cold winters. The very few of us who understand this are moving to the next UP and Coming cities. Cities that Gen Alpha and Beta will flood into in the coming decades driving up our home equity.
You clearly didn't watch the video, many of them are working remote which allows them to buy in lower cost parts of the country. A $200k home is very doable by a young professional.
@@notyourtypicalfarah7194 Living with their parents, no health insurance, and not investing in their retirement, yeah - they can save that much easily.
Says it's "higher" for home ownership when the last available data shows it's going UNDER every single generation before by next year. No data analysis team CNBC?
@@Dave05J mouth breathers that work at Walmart are projecting. There are many gen z making 70k if not 100k in union trades, I.T, sales, project management etc
As a 34 year old millennial most of the Gen Z kids that are now young adults I know are all still living with their parents. That's just my perspective, I could be wrong.
I think they're overgeneralizing a generation. I know people my age in the Midwest who own homes and are having kids. No one I know who moved to the coasts is doing that yet. They're still blowing up my socials with bar nights, weekend brunches and big vacations. Where you live makes a big difference.
“Home values went up considerably from 2021 to where we are now” Actually, the value of the dollar just plummeted because of our incompetent government. So it takes more dollars to buy the same home from 2021. The home isn’t worth more, but rather the dollar is worth LESS.
Yeah exactly. A lot of my friends who own a home don’t have extra money to enjoy life. They can barely afford to travel. Just work all year round because they’re house poor. Lmao
@@el_chilango2953 - That will probably end in one of two ways - either the housing market goes into recession when these properties end up getting sold off, or everything else goes into recession because Gen Z is literally only buying houses.
@@el_chilango2953 That was my wife and I from 2000 to 2012. No vacations, tight budget, used cars, etc. When we sell our house next summer we'll downsize and be debt free. If you want to buy a house, make that your priority.
@@handleyobusiness Once you pay the tax once you can keep the chips forever without paying again though. Store not gonna come get the chips back from you.
As a millennial I do believe this. Many millennials have been laid off not once, but twice. Many of us graduated after the 2008 financial crisis and struggled to find work. We accumulated debt and couldn't find jobs in our fields. Jump 10-15 years, and the job market is great for these younger people that are making the same or more than we are because they graduated at the right time.
Also GenZ thinks RE prices only go up and you cant really blame them for thinking that.. millennials might have been younger but they remember the GFC and housing crash.
Story is based on a statistic. The example is just an example. The only nonsense is the huge difference in interest rates when each generation was in their early 20s. GenZ jumped on sub 3% rates. I am genX and my first mortgage was 12 5/8%.
The only Millenials and Gen Z's who I know have purchased a home have had substantial assistance from their parents. Be it through generous lump-sum payments or through assistance in mortgages.
Or like us early millennial, we did it as a 3 person suburban commune. We are unrelated by blood or marriage and no kids. 3 adult incomes and no dependents is the only way to have a middle/working class lifestyle. And still we always have at least 1 member at a time unemployed due to companies always laying off, going bankrupt or doing funky accounting. At this point thebonly marriage we will ever have is passing around a marriage license for the health insurance with prenups and no contest divorces, LOL.
As a gen Z getting my first home, I would not have done it without joining the military and receive the VA loan, as one of the biggest hurdle was to saving up for a 20% down payment. Also happen to live in a state that home prices are relatively cheaper than other states and major cities as that one of the big factor on how I can afford a home.
I’ll say I am 32 and bought my first house in 2015 at 23 years old. There is no way I would be able to buy a house if I was 23 in 2024. I paid $208k for my first house that is now worth $480k. It’s all about timing and luck and Gen Z is getting screwed in the housing market. Single family home ownership will be a luxury for the rich and for those who bought in at the right time.
@@sagepirotess6312, a lease doesn’t build equity. You also can’t sell a lease and cash in on that equity. You just wasted cash, if you could have borrowed at 2% and invested at 5%
@@TrueOrigins1618 no, a lease is still pay to live. Buy a property in cash! Or build in cash! Then you own. Anything less your just a fool, easy to part with assets.
I feel sorry for people who thinks owning a home always leads to success stories. Index funds are proven that it provides higher returns than owning a home with a ton of phantom costs, unlimited trips to Home Depot, etc. your mortgage is the minimum you’ll pay. I rent and if there’s any issues, I text my landlord. Rent is the maximum I pay. 20%-25% of my income goes to the stock market. All my friends who own a home don’t have money to travel and enjoy life. What’s the point of living if you can’t enjoy it because you’re house poor?
A house is the only investment that builds wealth while providing a necessity in shelter. There are no mutual funds that allow you to do both simultaneously.
@@beaniemacyou cannot call your house as an investment since you’re gonna live in it. You’re still gonna need to pay something for shelter whichever way you do it. Let me correct you. Owning a home is ONE WAY and not the only way to make wealth. I know a lot of people who can buy a home in cash but choose to rent and invest the difference. Another downside is when you’re house poor, you’ll probably have no liquid assets and imagine being stuck in the same place for decades. You’re gonna miss out on a lot of job opportunities since you don’t have the same flexibility. If you own a home, just expect things to go well because it can easily be a money pit.
@@beaniemacnot sure if you know but you can only realize the gains when you sell. And when you do, where are you gonna live? The amount of money you’re gonna make in a home would be the same cost you’re gonna pay for a new one. 😂 me telling you this a I watch my monthly dividends hit my bank account for life
This is the number one lie that has been told to homeowners who cheerlead like idiots at the astronomic rise in home values. It's no benefit until you sell.
I’m a Realtor, most gen Z that have bought had their parents help BIG TIME. Those without stable parents have bought at a much lower rate. Speaking for Central Valley in California. Nothing wrong with that but the data is off
The guy said he worked at least 40 hours a week to get that co-sign and that it wasn’t easy…that’s all you need to know about this video. Meanwhile I’m here with two jobs paying for eggs that cost 9 dollars
There's a huge difference between buying a home and being able to keep up with the payments... how many will lose their homes within the first few years.... a lot would be my guess.
*HIGHER THAN MILLENIALS AT 24. So basically 'Why are Trust Fund babies more spoiled today than they were in the past?" No 24 year old can afford a house. Don't care about outliers scenarios.
I'm 23 and work in tech and everyone I know is looking to buy a house within 3 years , it's not that uncommon... Maybe you're just in the wrong line of work for your goals in life?
@@Magicmak23 not now though after 2023 recruit.we will suffer most who will pass on 2027.Gone are the days for high tech jobs even google is laying off
@@Brodragon2225 I think people are just too used to hearing and repeating fearmongering online. The tech industry is known for booms and busts, and we're currently going through a regression to the mean. There was just over-hiring that occurred during the pandemic. Almost everyone I know has a TC of at least 130k.
I'm need to know how this kid at age 21 was able to qualify for a mortgage🤔. That rarely is possible given his age unless he inherited money or had a cosigner.
My husband and I bought our first home on March 25th, 2020 for $120,000 at the ages of 26 and 28 (making us younger millennials). We’d been married for six years, had an income of around $40k, combined student debt of around $80k, and were expecting our second child. We got no help from family with the down payment or co-signing, though we had lived with my parents and his at different times to save money on rent (we always payed rent, even when living with our parents). We did take advantage of a government program that helped us with our down payment, and the seller was self-representing and favored us over other offers because we knew them personally. Our rate is 3.65%, and our monthly payment is lower than any rent we’ve ever paid. Our 3-bedroom house is now valued at close to $300k. It’s our only asset and we are forever grateful that we broke into the market when we did-one week before the shutdown.
The issue with millennials is their tendency to purchase homes in high-priced areas, while Gen Z is moving out of big cities to afford homes on an average income. Gen Z is also adopting remote work and getting married earlier than millennials.
my wife and I own single home family rentals. we have $200,000 left on mortgages. We are now the possibility of maintaining $70,000 annual income by selling and investing in stocks and bonds. How does this work out?
Certainly I have, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Jessica Lee Horst” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
This Jessica lady looks great.i looked her name up. We have about $300,000 in IRA and 401(k) and 403(b) assets. Is that something she can manage? I already left a message, what’s the response timing like?
My husband is Gen Z (1997) and I am a Millenial (1996) we both graduated college as aerospace engineers. I spent 1.5 yrs not taking any vacations, big expenses in order to pay off all my student loans. My car is 15 years old, and I own it. My husband and I put down 20% on a 415k home with our own money that we saved for 4 years.
Gen z is 1997-2012. That means they’re age 27-12. I highly doubt at even 27 which is the oldest gen z was able to Afford 10-20% down payment in current market. I know there’s select few who did well and hats off to them. But majority I highly doubt it. Research more and I bet most if not all have their parents co signed or better yet as owners.
It's not gen z buying homes it's their parents
MSNBC thinks they can just throw any lie at the wall and see if it sticks .. only Boomers are buying, Gen Z is broke, Millennials are broke
Cope
95% yes the other 4% are OF/TikTok Employees
@@Kellastico found the trust fund kid
Definitely not, 24, living in CA, buying a home in the next year. No generational wealth im first generation immigrant.
Parents. Parents. Parents.
It’s not us Gen Z buying them ourselves, what a complete joke.
😊
FOR REAL
21yr old says it's cheaper to buy the house than to rent it for $1200.... yeah that's if you have $40k laying around for the downpayment.
It’s nice to see the boomers help out their children. They’re starting to get the picture with the way. The market is without help homeownership won’t be possible for a lot of people pretty soon.
@@danielchoi6958parents gift the down payment and co sign
The media is a joke. I'm Gen Z, graduated university debt free and work in finance. I don't know a single person in my age group whether from high school or university that has bought a home. Most still live with their parents or work minimum wage jobs. What alternative reality is this?
Exactly.
lies, or you're just a loser
Infuriating propaganda isn't it? Good for you, you're learning things young. Most people your age will believe this.
@@wihenao Don't generalize our generation. Majority of us aren't dumbasses contrary to what the propaganda _you_ watch tells you
I know 4. One In LA county. 3 near Austin, TX
“Almost 3/4 of Gen Z’ers plan to buy a home within 6 years.” What a worthless poll. When we are young, most of us also plan to be millionaires within 6 years. Doesn’t mean anything.
You sound bitter
homes don't cost millions and they don't buy it in cash.its fairly easy to buy homes a small or no deposit
@@Wydsbdjwu18393 bruh you really don't understand why this poll is trash do you? guess what, nobody is bitter. good for Gen Z if they buy houses. it's just bad poll design worth pointing out so CNBC doesn't keep funding garbage research. hope that makes sense, it's not all about you lil bro
@praba991ify At the price range they are looking at, it literally costs less than 10k down to get a mortgage.
Actual house buying data shows this as well. Gen Z are more financially savvy and save more compared to millenials/genx/boomers and are buying houses earlier.
He paid 200k for a home?? What?? That gets you a trashcan with no lid in California.
Its Stockton. aka California's armpit
@@logankrastel9609that title belongs to Bakersfield.
@logankrastel9609 Hey we resent that! Oakland is the gangland these days
A busted, broke down, taped and glued together trash can at that!!! 😂
They keep trying to make it seem like “things aren’t so bad guys people are still buying homes“ , lies
gen z will be the richest generation in america history so they are not wrong.
People are buying homes and they never said things aren't bad.
it's they're parents buying. Gen Z makes less money than any other Generation, in an economy where everything is waaaaaaaaaaay overpriced
@@videogamingmemoriesHah are you kidding me? They are lazy cry babies more obsessed with trends than any gen before. Don’t even get me started on subscription services and delivery app.
@@videogamingmemoriesmillennials were the test dummy generation 😢
So they bought where nobody wants to live. And had a co-sign and money help from the parents. Good job
A home is a home regardless, as long as it's still standing in good shape and area is decent then why not?
@@Minney-Mea lot of the cheap home prices are because there is little job opportunities in the area now with remote work it makes more sense but also realize the house price have a higher risk to fall than big cities.
And loads of these kids got the deposit from mum and dad . Thats the richer ones purchased there homes , the rest of gen Z cant afford the deposit now let alone a house . Have not even watched this doc. yet but i have seen this here in the UK . We need to let the housing market crash , its only making the banks rich , rich ,rich in the long run , not your offspring .
@@DavidGoggins-wk2wp Exactly this. If the remote work market dries up and you lose your job you're effectively stranded. Still might be worth the gamble with how ridiculous house prices are in the big cities though.
@@Minney-Me
The title is 100% misleading.
Gen Z is not doing anything. Gen X is paying for Gen Z house.
This the biggest cap of the year.
Their parents paid for it anyways, don't trust this rag channel
Gen z has a low income and also 45% of income goes towards mortgage
0:40 even CNBC admits that this is how 3% of Gen Z did it. CNBC didn't even bother about the other 97% because they can't buy one.
Yup. 25% of Gen Z do not own homes, this channel is garbage now
you meant "CRAP", and I agree
99 other channels say the youngsters are struggling and that homeownership is a pipe dream.
I bought my house in 2012, and there were just as many people whining about affordability then as there is now. As a millennial and per the data shown first in this video, my generation apparently had it harder than GenZ. It’s not easy, but it’s not impossible!
@@seanhepner7813are you stupid or just manipulative? 2012 was the BEST year to buy a home in the U.S. before average home prices started to skyrocket again AFTER the 2008 Recession. We don’t live in the year 2012, we live in 2024.
They have a graph. Graphs don't lie, lol.
@seanhepner7813 I actually have to stay out of the fray - I downsized and moved to a lower cost of living area in 2021. Fixed interest rate of 2.5% on 200k loan. I am cutting a fat hog- others, not so much
Wealth inequality is on the rise, so they're both right about different segments.
I'm skeptical about the news that Gen Z is driving the housing market. It's more likely that their parents are the ones buying homes. I'm actually hoping for a housing crisis in 2025, so I can snag some affordable properties after selling off some of my own. I'm also considering investing in stocks as a backup plan. Does anyone have insights on the best timing for these moves? I've made some good profits from trading, but I'm concerned about market volatility and the risk of a dead cat bounce. Can someone explain why this market phenomenon occurs?"
Combining real estate and stock investments with a solid trading plan can be a winning formula. This diversified approach allows you to capitalize on market opportunities while mitigating risk, making it an attractive strategy for those seeking to optimize their investment returns.
Well said! In difficult market conditions, having the right expertise is crucial to thriving. Seasoned investors who have weathered previous storms, like the 2008 financial crisis, have a distinct advantage. They can leverage their experience and knowledge to anticipate and capitalize on emerging opportunities, setting themselves up for significant gains.
Lately, I've been considering consulting financial advisors to gain a fresh perspective, but I'm unsure about the practical advantages of their services. I'm weighing the potential benefits of seeking professional guidance against the costs, and I want to understand how their expertise could directly enhance my investment approach and results.
Finding financial advisors like Rebecca Noblett Roberts who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Great piece! She appears to be well-educated and well-read. I ran a Google search on her name and came across her website. Thank you for sharing.
Did he just say he didn't want to live on campus for 1200 dollars so he bought a 200K house? This guy solved homelessness.
😂 this whole video is just one gaslight after the other
This appears to be somewhat questionable news. It's more likely that Gen Z isn't the primary group buying homes; it's probably their parents. I'm eagerly anticipating a potential housing crisis to snag some affordable properties after selling off some in 2025. I'm also thinking about diving into stocks as a backup plan. Any thoughts on the ideal timing for these moves? I've made some good profits from trading, but I'm a bit worried about market instability and the possibility of a dead cat bounce. Can you shed some light on why this market phenomenon happens?
Investing in both real estate and stocks could indeed be a wise choice, particularly when accompanied by a carefully crafted trading plan to maneuver through profitable prospects.
In challenging market conditions, it's not about mistakes; it's more about lacking the expertise to thrive. During such times, seasoned individuals who weathered the 2008 financial crisis are best positioned to foresee substantial gains.
Contemplating the idea of consulting advisors for guidance has been occupying my thoughts lately. I'm at a point where seeking counsel could be beneficial, but I'm uncertain about the tangible advantages their services could provide.
Desiree Ruth Hoffman, my CFA, boasts a stellar reputation in her field. I suggest delving deeper into her qualifications. With her extensive experience, she serves as an invaluable asset for those seeking financial market advice.
I appreciate this advice. Desiree seems to possess a wealth of knowledge. Upon reviewing her online profile, I meticulously examined her resume, which left a strong impression. I have initiated contact with her and scheduled a session.
Something about 27% of Gen Z people age 24 owning a home just doesn't sound accurate to me. Not where where I'm living at least.
Some own housing in cheaper locations and rent that housing out to complement their income in order to rent a flat in a city that they are able to work (at subsistence level).
So, in the end everyone rents, and each level speculates on the one below, making the current housing bubble worse.
Yeahhhh, no regular gen Zers are buying homes. These folks have mom and dad helping them out big time
It's not about hard work anymore... it's more like a lottery system... even though the ones getting the help try their best to hide it and pretend they're self-made
@@TL-rh1lfWrong, plenty of us have done it. There are plenty of good jobs out there.
She said 78% got help from their parents. So, yes, economy is doing great.
You act as if that’s something negative
At least they eventually reveal that Dominic had his parents paid for everything
thats exactly what i was thinking
Title should say "gen z has to have their parents buy them homes"
His parents probably wanted him out of their house
But let’s also understand that he put 3% down on a $210k house. He don’t exactly get a $100k payout from his rich father for a place in Silicon Valley. He likely only needed $10k to get into the house. Yes his timing was good but I know a lot of people by age 21, who 20 years ago, had $10k saved up in the bank. There is nothing special about his story.
They never said that. Do you know what a co-sign is?
What a ridiculous analysis. Focusing on a 21 year old kid who bought a home at sub 3% is a UNICORN, not the norm.
Younger people are now willing to accept that they can either rent forever or sign for 30 years of debt. The low interest rates of covered were just luck for anyone who bought during the time.
It actually demonstrates the statistic well. Gen Z have been in their careers for say 5 years on average. More than 20% of that time was in an extremely low interest rate environment. That is significant compared to other cohorts where the opportunity for them to buy overwhelmingly came when interest rates were elevated.
He’s in college too. Like how is he affording that mortgage? Where did the down payment come from? His parents? Agree this is ridiculous!
I watched the video like one minute and was like 😮. Glad you saw it.
They have money from mommy and daddy
@@zunedog31its a small sample size making this useless
What a bogus report. How can you say Gen Zs are buying homes when you're only speaking about a tiny percentage of them? Not only that you also say genz has more debt, suffering from inflation, and suffering from an inflated home market. I am a lucky millennial who purchased a home when I was 26. 3 years later it doubled in price. No way I could afford my house at today's price. So much BS in this video.
Its CNBS. What do you expect?
"Single" does not equal "buying alone." Every single gen-z buyer I know has had significant financial assistance from their family. This includes ultra-high-earners.
That simply is not true. I purchased my home all on my own. I know plenty in my age group to do the same
@@yamkaw346 Congrats. Your anecdotal experience does not make mine untrue
@notme9976 not a millennial, you know nothing of my personal or financial situation, and your aggressive tendencies as a keyboard warrior signal that you're a pathetic person
CNBC please report on the millions of vacant units sitting empty, owned by corporations and foreign investors. 😊
Unfortunately that's just a common misunderstanding. I say unfortunately because if it was the truth that corps and foreign investors own millions of houses that are sitting empty, it'd be an easier fix. There was a study that published a number around 40% for share of homes that are not being used as primary residences for the owner(s). But that statistic is actually only for single-family homes being rented out. Owned homes (including mortgaged ones) are much, much more common than single family homes being rented out. If I recall correctly, that statistic is specifically referring to detached homes, as in not townhouses and apartment complexes, or multi-family homes (though I would think the latter category is not as statistically relevant in this day-and-age). In reality, corporate and foreign investment ownership of housing is mostly a non-issue at-large. There are definitely areas where it is a large contributor to the problem of housing costs (aka housing shortage driving up prices, despite what others might say), like downtown Atlanta, as far as I know; because in such areas there is a concentration of that behavior, wheras in other areas it isn't so much an issue. Many of the cities where this is the case are young, growing, and in the sun belt (part of the larger trend through the last decades of massive population increases in that region), and thus are good speculative assets. But most places in the country are experiencing housing price crises because of zoning and other regulations, as well as "NIMBY" behavior. For the latter, as opposed to the common framing that it is necessarily bad that people don't want things in their area, it is understandable that not everyone is thrilled by the idea of low-cost housing developments in their area, which will be used by poorer people, which is an issue because poverty and crime are deeply interconnected, and crime lowers property values and just decreases quality of life anecdotally as well. There isn't really a good answer in a decentralized system such as in the US, because if an issue is resolved in one place, it essentially pushes it somewhere else until over time that issue is fixed and the next one comes around and the cycle repeats.
they must think we're on crack to believe this BS they're trying to spin .. No Gen Z is buying, it's their parents. Low salaries + less jobs + overpriced Housing 2x-4x from 3yrs ago .. THERE IS NO MORE MONEY TO GRIFT , WE ARE BROKE!!!!
This is real. Down the street from me the last two homes that sold in the same neighborhood have both sat empty for over a year after being sold. These homes were both over 1M dollars.. that street has maybe 20 homes (5 acre lots) so 10% of that neighborhood is unused homes.
They have in previous videos.
Grandparents or rich parents. I'm not knocking it, because I'd want my kids to be well off as well. I just wish a lot of people would quit pretending they got it out the "dirt" or worked harder than everyone to get a home. It's like lying about working out, diet and such when you were just getting ozempic and HGH off your parents insurance. Be honest.
They're buying 200k homes in the middle of nowhere. You can save 20 to 40k in 3 years lol.
@@notyourtypicalfarah7194no you can’t lmao if you make 30k a year you aren’t getting a house anywhere
@@zachpinkston4233 Yes.. and buying a house is just one hurdle... things like taxes, insurance, maintenance can add a lot to the total monthly cost
Jealous much?
It's common to pretend. Seems especially popular with conservatives though.
Wait. I thought the narrative was that gen Z was never going to be able to buy homes. Now apparently they are beating all the other generations to the punch? At least get your story straight 😂
Not at the national median they can't. But some of them are smart enough to realize they don't have to.
Because these Gen Z are trust fund babies and their parents took advantage on the first time home owners government loans when the interests rates was at 4%. I know because i met a few.
This is gross mis-accurate. None of Gen z makes above 63k per year. They are acquiring homes, not buying.
Nonsense, there are jobs that pay six figures straight out of college. The trouble is, they tend to be in high cost of living areas so a six figure salary may not go as far as you would like.
If you’re a nuke welder a sniper or a drug dealer you might be pulling over 100k
I’m Gen Z and make over 100K with my spouse and by myself a little over 70K
Why do you guys have this victim mentality? It’s so easy to make more than that.
Entry level engineers make 80k starting out at my firm. Its doable for Gen-Z.
“It was cheaper to buy a home than to live on campus”. He meant to say it was cheaper for my daddy to buy me a home, than pay for me to live on campus.
And the dad will turn around and rent out the house to future college students once their child graduates.
My guess is his parents helped with the down payment but he pays the ongoing expenses like mortgage and maintenance.
@@ManUntdForever probably not he will just sell it once his son graduates
@@jon9103 A parent co-signed. That means that the kid pays for everything, but if the kid fails, the lender can go after parents assets for any shortfall. The kid in the video already has ~100k of home equity from apreciation and downpayment. The parent is in the clear if things don’t crash.
@@skyak4493 just because they co-signed doesn't mean they didn't also help in other ways. As far as I can tell, the video didn't explicitly say one way or the other and it's not something that he would necessarily go out of his way to reveal.
I guess CNBC didn't look at all the Tik Tok videos of Gen Z women who bought homes and now are selling them to move back into apartments because they were not aware of all the costs associated with home ownership and would rather have a landlord take care of problems that arise rather than themselves.
If only all our parent's were able to help out
We are in a bigger bubble than 2008. Wait.
All Time High Property Taxes and Insurance. Prices Won't Come Down.
@@mcmans.the average home (including rented homes) has been “unaffordable” for several years now. That reality will come home to roost at some point or other..
@@mcmans.deglobalization and the reshoring of manufacturing will keep inflation high for years which means mortgage rates will also be high. Mortgage applications have been sinking and will likely not recover for a long time until rates drop or housing prices drop. The more likely one happening is the latter.
Read Fred Harrison, the world is in deep this time.
The crisis is expected in 2026. It is (on average) a periodic 18.6-year cycle.
The dept level as a percentage of the GDP is too great this time, and no one is going to lend the USA anything.
@@mcmans. That is an argument for a price correction. When the carrying cost of a home goes up, price should come down. The money to pay increased property taxes and insurance doesn't just materialize out of thin air.
Last time I’m clicking on a CNBC video because this is ALL CAP!!!
Makes my blood boil. The lies
Yup, this was a garbage video.
🔥
INHERITANCE 😂 NO GEN Z IS BUYING HOME WITH THESE PRICES
Yeah. I know a few who are homeowners. All inheritance
Its not hard to put down 10% to 20% on 200k home in the middle nowhere if they started their career at 21 and bought at 24. You can save that much on 70k+ salary
@@notyourtypicalfarah7194 I think we are lucky as we are the first generation who can work/ own businesses remotely online. I have so many friends moving to Ohio and Michigan. Then you save so much on having the lower downpayment that you can actually afford a secondary home in a warm climate maybe in Jamaica or Belize to escape the cold winters. The very few of us who understand this are moving to the next UP and Coming cities. Cities that Gen Alpha and Beta will flood into in the coming decades driving up our home equity.
You clearly didn't watch the video, many of them are working remote which allows them to buy in lower cost parts of the country. A $200k home is very doable by a young professional.
@@notyourtypicalfarah7194 Living with their parents, no health insurance, and not investing in their retirement, yeah - they can save that much easily.
Stupidest story I ever heard there are no gen Zs outpacing anyone buying homes
Says it's "higher" for home ownership when the last available data shows it's going UNDER every single generation before by next year. No data analysis team CNBC?
False, Gen Z are ahead of millenials/gen X/boomers for homeownership rate at the same age, they are also saving more.
@@gamesguygo to sleep!
Privileged young people get to buy homes sooner than the rest. Groundbreaking discovery. Such journalism. Much wow.
Impressive, very nice, now let's take a look at those mortgage payments
Mom and Dad paid for it.
Not a problem at all with the method I use, the mortgage payments are taken care of with the proper accounting.
Before finishing the video, I’m gonna guess Gen Z is getting help from family and inheritance.
It's gotta be mostly if not solely inheritance no? Obviously they're gonna leave that part out
How can you generalise an exception
Hard no on this one
Your opinion don't matter when there are facts!
@@Dave05J mouth breathers that work at Walmart are projecting. There are many gen z making 70k if not 100k in union trades, I.T, sales, project management etc
As a 34 year old millennial most of the Gen Z kids that are now young adults I know are all still living with their parents. That's just my perspective, I could be wrong.
Try qualifying for a 3.5% down FHA government mortgage!
All the ones I know are living with their parents
Plus, having babies for their parents to raise.
Same.
Grandparent money. Period.
Does it really matter
@@TheAS687 It doesn't, the great wealth transfer is upon us.
@@hyperactvehuman I don’t know why ppl hate on those whose family set them up for financial success
Gen Z is better with their money? CNBC literally created a video talking about Gen Z maxing out credit cards for vacations and experiences. Smh.
Right, and they’ve probably made a dozen videos talking about how gen Z will never be able to afford homes. Make up your minds lol
@@pensivepenguin3000Yes. Wtf.
Two things can be true at one time
@@zunedog31 yes, but not these two things
I think they're overgeneralizing a generation. I know people my age in the Midwest who own homes and are having kids. No one I know who moved to the coasts is doing that yet. They're still blowing up my socials with bar nights, weekend brunches and big vacations. Where you live makes a big difference.
“Home values went up considerably from 2021 to where we are now”
Actually, the value of the dollar just plummeted because of our incompetent government. So it takes more dollars to buy the same home from 2021. The home isn’t worth more, but rather the dollar is worth LESS.
hmm not so true, there is kind of a worldwide inflation right now, almost all currencies got hurt
I have no ideas where they got those data but it’s BS. They bought overpriced homes with what down payments exactly?
Millenials weren't "inclined" to work in urban centers, it was literally where the jobs were. There was no option to work from home.
Gen Z gonna be house poor, these prices are absurd.
Yeah exactly. A lot of my friends who own a home don’t have extra money to enjoy life. They can barely afford to travel. Just work all year round because they’re house poor. Lmao
@@el_chilango2953 - That will probably end in one of two ways - either the housing market goes into recession when these properties end up getting sold off, or everything else goes into recession because Gen Z is literally only buying houses.
@@el_chilango2953 That was my wife and I from 2000 to 2012. No vacations, tight budget, used cars, etc. When we sell our house next summer we'll downsize and be debt free. If you want to buy a house, make that your priority.
Just wait till you see home prices in 2030
More like house negative.
They forgot to mention that Gen Z are also buying sustainable homes, tiny homes and tiny fiberglass homes.
I started liking CNBC reports and this one comes up to ruin it.
oh, poor baby bo. I hope you get well.
They're not homeowners. They're debtors.
That's basically everyone & every building dude.... very few ppl own their properties outright
Even if you "own" the property you don't since miss tax payments and they'll kick you out
lmao the cope, you seriously think the average american can easily buy a house in cash? they can barely afford their monthly car payment
@@NightRidah777 well duh, you can't own a bag of chips from the store without paying the sales tax.
@@handleyobusiness Once you pay the tax once you can keep the chips forever without paying again though. Store not gonna come get the chips back from you.
how? their parents are rich, inheritance you know
Don’t have to be rich to receive inheritance
Yeah not buying it. The children of wealthy people always have nice things-hardly speaking for a generation.
As a millennial I do believe this. Many millennials have been laid off not once, but twice. Many of us graduated after the 2008 financial crisis and struggled to find work. We accumulated debt and couldn't find jobs in our fields. Jump 10-15 years, and the job market is great for these younger people that are making the same or more than we are because they graduated at the right time.
This guy is in college and has no job, no bank is gonna give him a loan... it sounds more like mom and dad paid for his house, lol.
Also GenZ thinks RE prices only go up and you cant really blame them for thinking that.. millennials might have been younger but they remember the GFC and housing crash.
this is the biggest bs I've seen way to gas light everyone. please do actual research and don't use one anecdotal story. what a joke!
they literally gave you statistics
They are buying in college areas because you can easily get roommates and you own equity.
Major cap.
What does this mean?
@@reyesargit’s a gen z slang. Cap = lie
Fr fr
Smells like parent funding.
Wait, didn't you say genz is spending money on life experiences and are renting more?
The story is based on a kid who received a co sign and a $200k house.😂
Story is based on a statistic. The example is just an example.
The only nonsense is the huge difference in interest rates when each generation was in their early 20s. GenZ jumped on sub 3% rates. I am genX and my first mortgage was 12 5/8%.
The only Millenials and Gen Z's who I know have purchased a home have had substantial assistance from their parents. Be it through generous lump-sum payments or through assistance in mortgages.
Over 50% of millenials own homes. You internet people have a completely warped vision of reality in America.
Or like us early millennial, we did it as a 3 person suburban commune. We are unrelated by blood or marriage and no kids. 3 adult incomes and no dependents is the only way to have a middle/working class lifestyle. And still we always have at least 1 member at a time unemployed due to companies always laying off, going bankrupt or doing funky accounting. At this point thebonly marriage we will ever have is passing around a marriage license for the health insurance with prenups and no contest divorces, LOL.
Or we went to the Military came out with zero debt, plenty of cash in the bank, and were able to get mortgages with a zero dp
@@TheAS687 military recruitment is low for GenZ, just like it is for millenials too
@@Obiterarbiter plenty millennials went what are you talking about recruitment was never low for that generation
WTF! Gen Z is ballin like that! Im in my 30s and still not touching a home equity.
So basically Gen Z are having the houses bought FOR them.
Got it.
So basically Millenials are sniveling trolls online while GenZ made their move and bought their homes. Got it!!!
Love how a small percentage of gen Zers buying homes gets sensationalized by the media as if gen zers are ALL out here thriving.
I wonder what's the race ratio of Gen Z home buyers.
I think one is a monkey, a chiuaua, labrador, tiger, and zebra.
As a gen Z getting my first home, I would not have done it without joining the military and receive the VA loan, as one of the biggest hurdle was to saving up for a 20% down payment. Also happen to live in a state that home prices are relatively cheaper than other states and major cities as that one of the big factor on how I can afford a home.
Be careful with putting 0% down. it's a trap.
That’s the same boat I’m in
I’ll say I am 32 and bought my first house in 2015 at 23 years old. There is no way I would be able to buy a house if I was 23 in 2024. I paid $208k for my first house that is now worth $480k. It’s all about timing and luck and Gen Z is getting screwed in the housing market. Single family home ownership will be a luxury for the rich and for those who bought in at the right time.
As a 23 year old tryna make it all I have to say about this video is “😂😂😂😂😂😂😂😂😂😂😂🧢🤣😂😂😂😂😂😂😂” I wish bruh
Cap fr
just cause u broke doesnt mean all of us lil bro
@@shiramaro Thats correct! But it doesn’t change the fact that the video is cap 🥸
Nah. Say 'Domimic is a homeowner', not 'GenZ are homeowners '. I don't own a house.
Nobody in my generation can afford a home unless their parents are forking over money.
Just ask anyone you know between 26-30years old how they feel about home buying opportunies...You'll get the picture
These are Zillenials. They can relate to this study as well
So at 35, most people are halfway dead before they can afford a house. Let that sink in America.
Bought my home in Dec 2020 and locked in a 2.85% 30 year fixed rate. It was one of the best financial decisions I ever made
No you have a lease to own. Until its paid in full. I built a house paid in cash.
@@sagepirotess6312, a lease doesn’t build equity. You also can’t sell a lease and cash in on that equity. You just wasted cash, if you could have borrowed at 2% and invested at 5%
@@TrueOrigins1618 no, a lease is still pay to live. Buy a property in cash! Or build in cash! Then you own. Anything less your just a fool, easy to part with assets.
What percent did you put down?
@@jonathantaylor6926 5% down. I now have nearly 40% equity in the property despite not paying it down any quicker than normal
This is the same way CNBC tells us economy is good and dont trust the prices you pay at Walmart
I feel sorry for people who thinks owning a home always leads to success stories. Index funds are proven that it provides higher returns than owning a home with a ton of phantom costs, unlimited trips to Home Depot, etc. your mortgage is the minimum you’ll pay. I rent and if there’s any issues, I text my landlord. Rent is the maximum I pay. 20%-25% of my income goes to the stock market. All my friends who own a home don’t have money to travel and enjoy life. What’s the point of living if you can’t enjoy it because you’re house poor?
A house is the only investment that builds wealth while providing a necessity in shelter. There are no mutual funds that allow you to do both simultaneously.
@@beaniemacyou cannot call your house as an investment since you’re gonna live in it. You’re still gonna need to pay something for shelter whichever way you do it. Let me correct you. Owning a home is ONE WAY and not the only way to make wealth. I know a lot of people who can buy a home in cash but choose to rent and invest the difference. Another downside is when you’re house poor, you’ll probably have no liquid assets and imagine being stuck in the same place for decades. You’re gonna miss out on a lot of job opportunities since you don’t have the same flexibility. If you own a home, just expect things to go well because it can easily be a money pit.
@@beaniemacnot sure if you know but you can only realize the gains when you sell. And when you do, where are you gonna live? The amount of money you’re gonna make in a home would be the same cost you’re gonna pay for a new one. 😂 me telling you this a I watch my monthly dividends hit my bank account for life
This is the number one lie that has been told to homeowners who cheerlead like idiots at the astronomic rise in home values. It's no benefit until you sell.
@@el_chilango2953 the same goes for index funds. U aren't realizing anything other than maybe dividends until you sell.
I’m a Realtor, most gen Z that have bought had their parents help BIG TIME. Those without stable parents have bought at a much lower rate. Speaking for Central Valley in California. Nothing wrong with that but the data is off
By becoming influencers?
Yep, that money pays.
@@SilverEyeStallionlol that’s what they want u to think
@@lukekibblesno it does…
I mean, some kick streamers get 55 subs a day ontop of a part time or full time job during the day. @@lukekibbles
Was thinking the same thing. Some of those influencers are making tens of thousands a month.
The filthy rich: Quick! Make them think they are fine before they eat my face!
Iam a millennial working my ass off and still can’t afford a home. This is crap!!
I still cant wrap my head around the fact that a 24 yo can afford to buy his own house. Still, congratz to him
lol u will probably never
They only let that guy “buy” a home because his parents had to co-sign & help with a down payment.
The guy said he worked at least 40 hours a week to get that co-sign and that it wasn’t easy…that’s all you need to know about this video. Meanwhile I’m here with two jobs paying for eggs that cost 9 dollars
…. Are you guys for real?
What media outlet is?
I’m glad my fellow peers in these comments recognize the obvious cap in this rap 😅 lmao they pulling numbers out they ass for this one
Daddys money ofc
There's a huge difference between buying a home and being able to keep up with the payments... how many will lose their homes within the first few years.... a lot would be my guess.
*HIGHER THAN MILLENIALS AT 24. So basically 'Why are Trust Fund babies more spoiled today than they were in the past?" No 24 year old can afford a house. Don't care about outliers scenarios.
27.5% is not outliers... that's more than 1/4
I'm 23 and work in tech and everyone I know is looking to buy a house within 3 years , it's not that uncommon... Maybe you're just in the wrong line of work for your goals in life?
@konigstiger3252 what's the *majority?*
@@Magicmak23 not now though after 2023 recruit.we will suffer most who will pass on 2027.Gone are the days for high tech jobs even google is laying off
@@Brodragon2225 I think people are just too used to hearing and repeating fearmongering online. The tech industry is known for booms and busts, and we're currently going through a regression to the mean. There was just over-hiring that occurred during the pandemic. Almost everyone I know has a TC of at least 130k.
Boomers helping Gen Z buy their first homes is epic irony
YEA.... this is BS....!
We gotta stop looking at gen z & start looking at these prices.
Cuz ain't nobody got 2 mil for a vanilla house
So, they'll be broke within 8 years. 😂
“I just need to hit this 20 leg parlay and I can buy a house” - Gen Z
I'm need to know how this kid at age 21 was able to qualify for a mortgage🤔. That rarely is possible given his age unless he inherited money or had a cosigner.
Simple enough join the military or get a trade skill. You’ll notice the difference in not having college debt and an influx of expendable money.
Everyone can buy a house, not everyone can keep up with mortgage and maintenance of the house
My husband and I bought our first home on March 25th, 2020 for $120,000 at the ages of 26 and 28 (making us younger millennials). We’d been married for six years, had an income of around $40k, combined student debt of around $80k, and were expecting our second child. We got no help from family with the down payment or co-signing, though we had lived with my parents and his at different times to save money on rent (we always payed rent, even when living with our parents). We did take advantage of a government program that helped us with our down payment, and the seller was self-representing and favored us over other offers because we knew them personally. Our rate is 3.65%, and our monthly payment is lower than any rent we’ve ever paid. Our 3-bedroom house is now valued at close to $300k. It’s our only asset and we are forever grateful that we broke into the market when we did-one week before the shutdown.
How many of these gen z can commit to paying the mortgage for 20 plus years? Yikes that’s like a prison. No flexibility.
You can say the same for a gen x, millennials, and boomers who over leverage themselves to a mortgage more than what they can swallow.
I'm Gen X and I bought my home at age 19.
The title is offensive. So Gen-Xers don't exist?
Gen x literally raise gen z and I do agree The title should be gen x owns more
It’s not HomeOwner , it’s HomeLoaner, the Bank is the HomeOwner 🙄 until you pay it off
The issue with millennials is their tendency to purchase homes in high-priced areas, while Gen Z is moving out of big cities to afford homes on an average income. Gen Z is also adopting remote work and getting married earlier than millennials.
$200k for a home 😂 Buddy from there I come from you can’t get a 1 bed condo for less than $600k
this is a ridiculous and unrealistic information. who do you wanna make fool? huh?
Not sure why this is surprising. Each generation is smarter and has more information than the past. Human race keeps moving forward
my wife and I own single home family rentals. we have $200,000 left on mortgages. We are now the possibility of maintaining $70,000 annual income by selling and investing in stocks and bonds. How does this work out?
Real estate is a solid investment but demands effort and lacks liquidity compared to stocks and bonds. Long-term market trends should guide decisions.
Considering the sell and invest option? It's essential to consult a reliable financial planner to ensure income projections align with your goals.
have you worked with a financial planner ? if yes , how was it? care to share your experience
Certainly I have, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Jessica Lee Horst” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
This Jessica lady looks great.i looked her name up. We have about $300,000 in IRA and 401(k) and 403(b) assets. Is that something she can manage? I already left a message, what’s the response timing like?
My husband is Gen Z (1997) and I am a Millenial (1996) we both graduated college as aerospace engineers. I spent 1.5 yrs not taking any vacations, big expenses in order to pay off all my student loans. My car is 15 years old, and I own it. My husband and I put down 20% on a 415k home with our own money that we saved for 4 years.
Who are these “Gen Zers” buying these overpriced homes? Lmao what a clown economy.
Omg!! This man is so beautiful!! I want to put my face next to the arch of his foot!!
Gen z is 1997-2012. That means they’re age 27-12.
I highly doubt at even 27 which is the oldest gen z was able to
Afford 10-20% down payment in current market. I know there’s select few who did well and hats off to them. But majority I highly doubt it.
Research more and I bet most if not all have their parents co signed or better yet as owners.