Channel: BEME News

Category: News & Politics

Tags: newsusacnncitieshousingbemenewshomeownershiploansreal estaterentalsnew yorkmillennialsamericarecessiongen zbaby boomersgen xmortgagebubblebemepricesdebtsan francisco

Description: Homeownership in the US is on the decline. Meanwhile, rental prices are soaring. For many Millennials with student debt, owning a home is a distant reality. So, will the Millennials stuck in the rental market ever break out of it? Is it a big deal if they don’t? And how are Millennials changing what American homes look like? Lou explains. SOURCES & FURTHER READING Urban Institute on Millennial Homeownership urban.org/research/publication/millennial-homeownership Pfeiffer’s paper on Millennial housing in cities tandfonline.com/doi/abs/10.1080/17549175.2019.1626267?journalCode=rjou20& Cory Booker’s affordable housing plan medium.com/@corybooker/corys-plan-to-provide-safe-affordable-housing-forall-americans-da1d83662baa Julián Castro’s people first housing plan issues.juliancastro.com/people-first-housing Redfin’s analysis of Elizabeth Warren’s student loan proposal press.redfin.com/news-releases/news-release-details/redfin-millennials-could-buy-homes-3-years-faster-under-sen CREDITS Writer: Louis Foglia Editor: m.cho Researcher: Hannah Miller Supervising Producer: Allison Brown Follow Beme on Instagram: instagram.com/bemenews Twitter: twitter.com/bemenews Facebook: facebook.com/officialbeme