Home "ownership" is misleading. You don't own a home until you've paid it off.
Younger people are getting into more debt, for much longer in order to be able to survive.
When we start comparing the numbers (i.e, house paid off, even reflected as a percentage paid off, relative to age) the numbers reveal the real crisis.
Anecdotally, I know tons of 20-30 year olds getting into the property market (with insane levels of debt with almost impossible loan lengths) simply because if they don't do it now, there is a high chance homeless is the next option.
Younger people are getting into more debt, for much longer in order to be able to survive.
When we start comparing the numbers (i.e, house paid off, even reflected as a percentage paid off, relative to age) the numbers reveal the real crisis.
Anecdotally, I know tons of 20-30 year olds getting into the property market (with insane levels of debt with almost impossible loan lengths) simply because if they don't do it now, there is a high chance homeless is the next option.