Millennials Aren't Buying American Dream

The younger generation of Americans will continue to rent rather than buy, predicts the Urban Land Institute.

ULI's new research paper, Housing in America: The Next Decade, details the reasons Gen Yers won't invest in real estate.

John K. McIlwain, senior resident fellow of ULI predicts that "the 'disillusionment' over homeownership as a means to build wealth could last for decades to come and those entering the housing market (Generation Y essentially) will be more apt to rent longer and place more emphasis on buying for shelter rather than for investment purposes."

Full Story: Generation Y chooses to rent

Comments

building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25

Prepare for the AICP* Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
Women's t-shirt with map of Los Angeles

City T-Shirts for the ladies!

Women's Supersoft CityFabric© Fashion Fit Tees. Now available in six different cities.
$24.00
City Plate table setting

New Arrival! City Plates

City downtown cores printed on gorgeous decorative collectible porcelain plates.
$50.00