Millennials are giving up on their dreams of homeownership at an increasing rate. According to an annual report by Apartment List, a rental listing site, 18.2% of Millennials now expect that they will rent for the rest of their lives—up from 10.7% in 2018.
The study comes during a booming housing market, making it hard to believe that Millennials are lagging behind. However, affordability remains the number one issue for most, as the vast majority of them have hardly any savings for a down payment, if at all.
READ MORE courtesy of Matthew Myre, BiggerPockets