"Even though renting has quite a few perks, many people still daydream about actually owning a home. The idea of having a place that's all yours (where you can paint, decorate, and mount a flat-screen without fear) is tempting. But once you start crunching the numbers, it can feel totally out of reach. In April 2025, the U.S. Census Bureau reported that homeownership for people younger than 35 had fallen to its lowest rate in six years."
"Only 36% of Gen Z and millennials in this age group own homes - and the biggest barrier, unsurprisingly, is affordability. "Between high interest rates, student loans, and rising rents, it is hard to save or feel confident making such a big move," says Brett Johnson, a licensed real estate agent in Colorado. "I talk to people all the time who say 'I just don't know if I can swing this.'" An unpredictable job market and rising housing prices make buying even trickier."
""Your starter home is exactly that - a starting point," she tells Bustle. "You can build equity, gain tax benefits, and stop throwing money into rent." Owning something right now also means you're positioned for the next opportunity when it comes."
Many young adults desire homeownership despite renting benefits. Homeownership among people younger than 35 fell to 36% in April 2025, with affordability as the primary barrier. High interest rates, student loans, rising rents, an unpredictable job market, and rapidly increasing housing prices hinder saving and purchasing. A practical approach emphasizes buying a starter home to build equity, access tax benefits, and stop paying rent. Owning a starter property positions buyers for future opportunities and market mobility. With deliberate planning, disciplined saving, and strategic choices, young buyers can make homeownership achievable despite current economic headwinds.
Read at Bustle
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