The TikTok clip from a 'Boy Meets World' episode highlights how the average home price of $80,000 in 1999 starkly contrasts with today’s market realities. Millennials, once hopeful of homeownership in their 20s, now face soaring prices, student debt, stagnant wages, and stricter lending. These factors have shifted the median age of first-time buyers to 38, making homeownership feel like an elusive milestone. Consequently, the longing for stability and financial security through homeownership is increasingly frustrating for this generation due to various structural challenges.
Many millennials feel behind in achieving homeownership due to structural challenges like student debt, stalled wages, and rising home prices.
The median age of first-time homebuyers is now 38, showing that homeownership has become a late-stage milestone rather than a mid-20s rite of passage.
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