Written by: Madison Troyer
In sharp contrast with the generations that have come before them, many millennials are finding that owning a home is simply out of the question. There are several reasons for this—none of which have anything to do with buying avocado toast or a daily latte—including stagnant wages and rocketing home prices, larger amounts of student debt, obstacles to building credit, and rising mortgage rates. As a result, homeownership rates for millennials are 8% lower than they were for Gen Xers and baby boomers at the same age.
However, for those serious about owning a home—and willing to move to a more affordable part of the country to do so—there are a handful of places where breaking into the
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