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80% of Millennials Say They Want To Buy a Home -- But Most Have Less Than $1,000 (cnbc.com)

An anonymous reader writes: Millennials aren't buying homes in the same numbers as previous and older generations, but it's not because they don't want to. The vast majority of millennials do indeed aim to buy someday, or would even like to now if they could. Unfortunately, the numbers don't look good. New data from Apartment List shows that, although 80 percent of millennials would like to purchase real estate, very few are in a good position to buy, largely because they have nothing saved. According to the report, '68 percent of millennials said they have saved less than $1,000 for a down payment. Almost half, or 44 percent, of millennials said they have not saved anything for a down payment.'

4 of 594 comments (clear)

  1. Re:Thank your parrents by Hognoxious · · Score: 4, Funny

    Don't they just need to wait for their parents to die?

    --
    Confucius say, "Find worm in apple - bad. Find half a worm - worse."
  2. Re: Thank your parrents by Opportunist · · Score: 4, Funny

    You don't spend much time on Twitter, do you?

    --
    We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
  3. Re:Priorities by Opportunist · · Score: 5, Funny

    I agree, having to use a year old cellphone, that's the end of the world!

    --
    We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
  4. Re:Thank your parrents by timelorde · · Score: 5, Funny

    and then move upstairs?