Millennials, those born between 1981 and 1996, are being locked out of homeownership due to a lack of available housing, price increases, wage stagnation, and skyrocketing student debt. “Young people are having a hard time saving for a down payment, typically 5 to 20 percent of the purchase price,” Zillow’s Bachaud said. And with today’s higher interest rates, a monthly mortgage payment is more than 50 percent higher than it was a year ago. Young people simply cannot compete with cash-rich investors, both institutional and foreign, who do not need a mortgage and are purchasing rental properties. Rents have soared across the US since the pandemic. For example, the median rent in Dallas, Texas is $2,045, up $420 in the last year. In Miami, Florida, median rents are $4,000, up $1,500 compared to last year. Cashapp:$JasmineSherman2024 PayPal: PayPal.Me/FatSocialist Buy Merch: Fatsocialist.com Subscribe to Patreon: Patreon.com/UnicornParty #LETSRESET #JASMINESHERMAN2024 #SHERMAN2024 #UNICORNPARTY #FATSOCIALIST #dropoutdems #votenewnotblue #JASMINESHERMANFORPRESIDENT #lgbtq #blackgirl #transgender #blerd #relatable #like #comment #follow #girls #black #politics #republican #democrat #leftist #liberal #housing #housingcrisis #millennials #millenialproblems #thishouseisnotforsale @Fat Socialist @Unicorn Party Official @legitimatehermit