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Young adults are giving up on home ownership, and a lot of them are furious about it

By Grace Chen
Published in Personal Finance
May 12, 2023
1 min read
Young adults are giving up on home ownership, and a lot of them are furious about it

So I read this article that’s got me pretty worked up about the state of home ownership among young adults. Apparently, more and more of us are just giving up on the idea of owning a home, and a lot of us are pretty ticked off about it.

The article explains that rising home prices and stagnant wages are making it nearly impossible for young people to save up enough money for a down payment. And even if we do manage to scrape together enough cash, we’re still facing fierce competition from older, wealthier buyers who can afford to outbid us.

Personally, this hits close to home for me (pun intended). I’ve been working my butt off to save up for a down payment on a house, but it feels like I’m just spinning my wheels and not getting anywhere. It’s frustrating to feel like the odds are stacked against me, and even more frustrating to see other young people in the same boat.

But it’s not just about our individual desires for a white picket fence. As the article points out, this trend has serious implications for the economy and society as a whole. Without a strong middle class of homeowners, we risk becoming a nation of renters who have less stake in our communities and less financial stability overall.

In the end, the article leaves me feeling both angry and worried. It’s a reminder that the deck is often stacked against us as young adults, but also a call to action to keep fighting for a better future. Maybe with enough effort and advocacy, we can push for policies and changes that will make home ownership a realistic possibility for more of us.


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Grace Chen

Grace Chen

Freelance Writer

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