Millennials may be facing unaffordable housing, but they're paying less in rent than other generations. (via CNBCMakeIt)
For millennials, the outlook on home ownership is bleak: Housing values keep rising and incomes just aren't keeping up.
But is the situation facing millennials, those ages 23 to 38, really worse than the housing environment that Gen X and baby boomers grew up in? To compare,U.S. Census Bureau data and isolated the years that each generation was entering independent adulthood in their 20s. On average, millennials need to save 6.4 years' worth of their total annual pay to afford a down payment on a home. That's because today, the median home listing price in the U.S. is $289,000,
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