The majority of Millennials are in Chicago you want, but are unable to buy housing

The majority of Millennials are in Chicago you want, but are unable to buy housing

According to the latest research of real estate market the majority of Millennials are in Chicago you want, but are unable to buy their own homes.

From the report presented on the website find apartments , Apartment List, it follows that Chicagoans born between 1982 and 2004, usually not prepared to pay the down payment to buy a home. Moreover, they do not know during what time you can collect the required for the introductory payment amount. The majority believes that they will need 5 to 7 years, although in reality it may take decades. At the same time, there is a shortage of affordable housing, and this age group having a high credit debt for higher education, and limited opportunities for career growth, simply can not afford to buy housing. This means that a significant number of Millennials continue to rent «in rentals for many years.»

The survey was conducted by a website among the 24 000 of Millennials-Chicago. The result can be reduced to such indicators: 80% of the Chicago-Millennials want to buy their own homes, but 70% are putting off consideration of this issue, because they can not afford it.

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