Housing Crisis: Why Younger Generations Are Giving Up on Homeownership
Update: 2025-11-30
Description
The dream of homeownership is fading for younger generations due to the escalating housing affordability crisis. A study by Seung Hyeong Lee and Younggeun Yoo reveals that the median house price is nearly six times the median household income, pushing homeownership out of reach for millions. This shift in mindset leads to changes in spending habits, work effort, and even risky investment strategies, potentially exacerbating wealth inequality across generations.
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