Recent college graduates encounter significant barriers to homeownership due to soaring home prices, student loan debt, and low entry-level salaries. For many, sacrifices such as living with parents and drastically cutting expenses become essential to save for a home. Graduate Amrita Bhasin, inspired by her parents' experience in the housing market, finds herself unable to secure a home despite working in tech and running a startup. Projections indicate that the class of 2025 may not achieve comfortable homeownership until 2034, highlighting challenges for Gen Z buyers.
Amrita Bhasin, a recent graduate, aspires to own property inspired by her parents' home ownership experience, but faces long-term challenges due to high home prices and financial strain.
Despite working in Big Tech and running her own startup, Bhasin is compelled to live with her parents to save money, impacting her social life and daily commutes.
Data indicates recent college graduates, especially from Gen Z, will struggle to buy homes comfortably until their 30s, largely due to student debt and low salaries.
The class of 2025 is projected to face a home buying timeline extending until 2034, reflecting the ongoing issue of affordability for first-time homebuyers.
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