Page 16 - AMM-JAN2022-1

New Study on Millennials and Housing
Takes on Intergenerational Conflict Over
Home Ownership
JMillennials Blame Boomers and Older Generations for
Affordability, Access Issues
ust as the younger generation of about retirement homes and care facilities during the home buyers is reaching the point in pandemic, this attitude becomes understandable. their lives when they want to buy a One survey respondent noted: “[Baby] Boomers need starter home, they are entering a to stop buying starter homes as their retirement market where, simultaneously, Baby homes. It’s driving the cost up to where first-time Boomers are deciding to downsize, home buyers can’t afford it.”
putting a strain on available housing
stock. With longer life expectancies and better overall health than any generation in history, Boomers are not quite ready to give up on
To further exasperate the problem for millennials trying to buy a home in this under-supplied market is that Baby Boomers are not their only competition.
private home ownership—and with the horror stories Please turn to page 19
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16 JANUARY 2022 - APARTMENT MANAGEMENT MAGAZINE AMM1/6