Today’s younger homebuyers face a variety of challenges, from high home prices to elevated interest rates. However, 57% of baby boomers surveyed in a new study by Clever Real Estate believe they could achieve their homeowner dreams, they just need to put in more effort.
The majority of baby boomers — those born between 1946 and 1964 — believe younger generations simply aren’t doing everything they can to afford a home. However, the factors dividing these generations span more than work ethic alone.
Are boomers’ beliefs rooted in reality, or do they not understand the struggles younger generations face? While it’s tempting to point fingers, adults of all ages may be contributing to today’s homeownership woes in different ways.