Millenials are buying homes. Three of them have bought houses in my office in the last two years. One even built a house in the suburbs of Boston. The forth bought a condo outside of Boston.
They are all in their late twenties.
A thirty something built a house in southern NH right on the MA border. He and his wife even had their first baby. He is the first person in his family to own a single family home.
he grew up in Boston and NYC. Plus he is a conservative.
The Boston area is unique, good job market high paying jobs and a staggeringly strong real estate market. Most purchases are great investments. I see the tiny houses for $600,000 my friends kids are buying and scratch my head, but they’ll never lose money on them.