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  • To buy or not to buy, that is the question
  • To buy or not to buy, that is the question
    EventPhotosNYC, Creative Commons (2015) ©
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How Gen X and Y are buying a house in the US

A fifth of US renters spend more than half of their salary on housing. And with many others pushed towards long-term renting by student loans, an unstable job market or negative financial factors, Gen X and Y are finally stepping on to the property market. How are they going about their house hunt?

Location United States

Scope
Rent or buy? If you’re an American aged between 24 and 35, that’s the question you’re most likely asking yourself nowadays. With rents and daily living costs continuing to rise, Gen X and Y are starting to reassess what the best financial situation is for them heading into the future. 

The 2007 financial crisis caused the American housing market to collapse, creating the longest economic downturn since The Great Depression. Many cities across the country have more than recovered since that period officially ended five years ago, with some cities even surpassing their pre-recession economic levels. [1][

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