It's a disappointing statistic, only 36% of people under the age of 35 own their home. Published by The Atlantic today, Gillian White's article touts a familiar refrain, Millennials just aren't buying property! And it's not for lack of wanting, but rather that pesky down payment. White makes a disheartening point that even when young people can take advantage of low down payment programs, they often are not competitive against offers with more cash up front.
With the average age of first-time home buyers creeping up to 32-34, at least Lyle and I can take comfort in that we're not alone. Maybe we should start a disadvantaged-down-payment support group? Gillian White looks to be a Millennial herself. Perhaps she could take up the position of secretary?
I'm not sure what I'm more bothered by, the constant publication of the Millennial's unsuccessful plight towards adulthood or the fact that I'm categorized as one of them.
