Among the millennial Los Angeles is only about 17.8 percent of owner-occupied homes

Among the millennial Los Angeles is only about 17.8 percent of owner-occupied homes

The fact that Millennials are too busy to enjoy the benefits of owning your own home is a well known fact. But in some parts of the country who owns his own house at the age of 35 years and all «units», and this is not always because of their desires.

Among the 135 major US cities less owners among the Millennials in Los Angeles. To such conclusion experts of the site lease Abodo, spending your study.

<img src="/wp-content/uploads/sites/4/2017/06/d5ffab174a68174248fc123ccc8f56f0.jpg" alt="Among the millennial Los Angeles is only about 17.8 percent of owner-occupied homes" />

Judge for yourself. For example, in the city of ODEN-Clearfield (Utah), more than half of Millennials already have their own homes. But in Los Angeles only 17.8 percent. The remaining 82.2 percent either live with their parents, or permanently «stuck» in a rented apartment.

But why? In the first place, of course, because of the value of the property. For example, the average home price here is $ 560,000. In the end, if a young person with average salary to put it a 15% on future home monthly, it will take 32 years to collect a huge initial 20% contribution $ 112 033. But still the principal sum insurance payments, household expenses and so forth. Of course, the calculations are very approximate, because the cost of housing is continuously growing and, hence, increasing the size of the advance.

If you take the national analysis within the United States only 32% of Americans under the age of 35 years own their own homes. Very sad, but apparently in the next decade, the housing problem will become more acute.

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