MSNBC thinks they can just throw any lie at the wall and see if it sticks .. only Boomers are buying, Gen Z is broke, Millennials are broke
@Kellastico10 күн бұрын
Cope
@Saytheodd10 күн бұрын
95% yes the other 4% are OF/TikTok Employees
@TL-rh1lf10 күн бұрын
@@Kellastico found the trust fund kid
@Wydsbdjwu1839310 күн бұрын
Definitely not, 24, living in CA, buying a home in the next year. No generational wealth im first generation immigrant.
@kaizmahboi10 күн бұрын
Parents. Parents. Parents. It’s not us Gen Z buying them ourselves, what a complete joke.
@abfuul9 күн бұрын
😊
@arex90009 күн бұрын
FOR REAL
@danielchoi69589 күн бұрын
21yr old says it's cheaper to buy the house than to rent it for $1200.... yeah that's if you have $40k laying around for the downpayment.
@ThugByChoice8 күн бұрын
It’s nice to see the boomers help out their children. They’re starting to get the picture with the way. The market is without help homeownership won’t be possible for a lot of people pretty soon.
@chuckystang8 күн бұрын
@@danielchoi6958parents gift the down payment and co sign
@ivand000710 күн бұрын
The media is a joke. I'm Gen Z, graduated university debt free and work in finance. I don't know a single person in my age group whether from high school or university that has bought a home. Most still live with their parents or work minimum wage jobs. What alternative reality is this?
@mcmans.10 күн бұрын
Exactly.
@steelyspielbergo10 күн бұрын
lies, or you're just a loser
@wihenao10 күн бұрын
Infuriating propaganda isn't it? Good for you, you're learning things young. Most people your age will believe this.
@bubblelady852810 күн бұрын
@@wihenao Don't generalize our generation. Majority of us aren't dumbasses contrary to what the propaganda _you_ watch tells you
@livingmyselfinthehouse10 күн бұрын
I know 4. One In LA county. 3 near Austin, TX
@rickyposner658910 күн бұрын
“Almost 3/4 of Gen Z’ers plan to buy a home within 6 years.” What a worthless poll. When we are young, most of us also plan to be millionaires within 6 years. Doesn’t mean anything.
@Wydsbdjwu1839310 күн бұрын
You sound bitter
@praba991ify10 күн бұрын
homes don't cost millions and they don't buy it in cash.its fairly easy to buy homes a small or no deposit
@coconut_bliss553910 күн бұрын
@@Wydsbdjwu18393 bruh you really don't understand why this poll is trash do you? guess what, nobody is bitter. good for Gen Z if they buy houses. it's just bad poll design worth pointing out so CNBC doesn't keep funding garbage research. hope that makes sense, it's not all about you lil bro
@HichigoShirosaki110 күн бұрын
@praba991ify At the price range they are looking at, it literally costs less than 10k down to get a mortgage.
@gamesguy9 күн бұрын
Actual house buying data shows this as well. Gen Z are more financially savvy and save more compared to millenials/genx/boomers and are buying houses earlier.
@victordelaguila66629 күн бұрын
He paid 200k for a home?? What?? That gets you a trashcan with no lid in California.
@logankrastel96095 күн бұрын
Its Stockton. aka California's armpit
@SteelTimeify4 күн бұрын
@@logankrastel9609that title belongs to Bakersfield.
@svenrio85212 күн бұрын
@logankrastel9609 Hey we resent that! Oakland is the gangland these days
@more2me10021 сағат бұрын
A busted, broke down, taped and glued together trash can at that!!! 😂
@elisabetgalvez719710 күн бұрын
They keep trying to make it seem like “things aren’t so bad guys people are still buying homes“ , lies
@videogamingmemories10 күн бұрын
gen z will be the richest generation in america history so they are not wrong.
@jon910310 күн бұрын
People are buying homes and they never said things aren't bad.
@TravelTechie41510 күн бұрын
it's they're parents buying. Gen Z makes less money than any other Generation, in an economy where everything is waaaaaaaaaaay overpriced
@therealsimpshady16419 күн бұрын
@@videogamingmemoriesHah are you kidding me? They are lazy cry babies more obsessed with trends than any gen before. Don’t even get me started on subscription services and delivery app.
@vl11805 күн бұрын
@@videogamingmemoriesmillennials were the test dummy generation 😢
@gamelandDEZ10 күн бұрын
So they bought where nobody wants to live. And had a co-sign and money help from the parents. Good job
@Minney-Me10 күн бұрын
A home is a home regardless, as long as it's still standing in good shape and area is decent then why not?
@DavidGoggins-wk2wp10 күн бұрын
@@Minney-Mea lot of the cheap home prices are because there is little job opportunities in the area now with remote work it makes more sense but also realize the house price have a higher risk to fall than big cities.
@donaldstalker527310 күн бұрын
And loads of these kids got the deposit from mum and dad . Thats the richer ones purchased there homes , the rest of gen Z cant afford the deposit now let alone a house . Have not even watched this doc. yet but i have seen this here in the UK . We need to let the housing market crash , its only making the banks rich , rich ,rich in the long run , not your offspring .
@ElectronicWasteland-p2x10 күн бұрын
@@DavidGoggins-wk2wp Exactly this. If the remote work market dries up and you lose your job you're effectively stranded. Still might be worth the gamble with how ridiculous house prices are in the big cities though.
@Dangic2310 күн бұрын
@@Minney-Me The title is 100% misleading. Gen Z is not doing anything. Gen X is paying for Gen Z house.
@andrewgoodner15410 күн бұрын
This the biggest cap of the year.
@bubbasanches459110 күн бұрын
Their parents paid for it anyways, don't trust this rag channel
@trell01910 күн бұрын
Gen z has a low income and also 45% of income goes towards mortgage
@TrevorWebb-ck2yv10 күн бұрын
0:40 even CNBC admits that this is how 3% of Gen Z did it. CNBC didn't even bother about the other 97% because they can't buy one.
@zerozeru10 күн бұрын
Yup. 25% of Gen Z do not own homes, this channel is garbage now
@TravelTechie41510 күн бұрын
you meant "CRAP", and I agree
@MyHeartSpitsAtYourIdeaOfLove10 күн бұрын
99 other channels say the youngsters are struggling and that homeownership is a pipe dream.
@seanhepner781310 күн бұрын
I bought my house in 2012, and there were just as many people whining about affordability then as there is now. As a millennial and per the data shown first in this video, my generation apparently had it harder than GenZ. It’s not easy, but it’s not impossible!
@thejokerking926810 күн бұрын
@@seanhepner7813are you stupid or just manipulative? 2012 was the BEST year to buy a home in the U.S. before average home prices started to skyrocket again AFTER the 2008 Recession. We don’t live in the year 2012, we live in 2024.
@TC-tr8ko10 күн бұрын
They have a graph. Graphs don't lie, lol.
@MyHeartSpitsAtYourIdeaOfLove10 күн бұрын
@seanhepner7813 I actually have to stay out of the fray - I downsized and moved to a lower cost of living area in 2021. Fixed interest rate of 2.5% on 200k loan. I am cutting a fat hog- others, not so much
@jon910310 күн бұрын
Wealth inequality is on the rise, so they're both right about different segments.
@MaximilianFischer4975 күн бұрын
I'm skeptical about the news that Gen Z is driving the housing market. It's more likely that their parents are the ones buying homes. I'm actually hoping for a housing crisis in 2025, so I can snag some affordable properties after selling off some of my own. I'm also considering investing in stocks as a backup plan. Does anyone have insights on the best timing for these moves? I've made some good profits from trading, but I'm concerned about market volatility and the risk of a dead cat bounce. Can someone explain why this market phenomenon occurs?"
@AshleySommerset8085 күн бұрын
Combining real estate and stock investments with a solid trading plan can be a winning formula. This diversified approach allows you to capitalize on market opportunities while mitigating risk, making it an attractive strategy for those seeking to optimize their investment returns.
@LukasMeyer4765 күн бұрын
Well said! In difficult market conditions, having the right expertise is crucial to thriving. Seasoned investors who have weathered previous storms, like the 2008 financial crisis, have a distinct advantage. They can leverage their experience and knowledge to anticipate and capitalize on emerging opportunities, setting themselves up for significant gains.
@MarshalWagner4575 күн бұрын
Lately, I've been considering consulting financial advisors to gain a fresh perspective, but I'm unsure about the practical advantages of their services. I'm weighing the potential benefits of seeking professional guidance against the costs, and I want to understand how their expertise could directly enhance my investment approach and results.
@LukasMeyer4765 күн бұрын
Finding financial advisors like Rebecca Noblett Roberts who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@MarshalWagner4575 күн бұрын
Great piece! She appears to be well-educated and well-read. I ran a Google search on her name and came across her website. Thank you for sharing.
@vasaicrow87069 күн бұрын
Did he just say he didn't want to live on campus for 1200 dollars so he bought a 200K house? This guy solved homelessness.
@limbeboy75 күн бұрын
😂 this whole video is just one gaslight after the other
@OliverLiam-px3vx9 күн бұрын
This appears to be somewhat questionable news. It's more likely that Gen Z isn't the primary group buying homes; it's probably their parents. I'm eagerly anticipating a potential housing crisis to snag some affordable properties after selling off some in 2025. I'm also thinking about diving into stocks as a backup plan. Any thoughts on the ideal timing for these moves? I've made some good profits from trading, but I'm a bit worried about market instability and the possibility of a dead cat bounce. Can you shed some light on why this market phenomenon happens?
@ChloeCarter-kd7gz9 күн бұрын
Investing in both real estate and stocks could indeed be a wise choice, particularly when accompanied by a carefully crafted trading plan to maneuver through profitable prospects.
@EricaWaters-lr6zw9 күн бұрын
In challenging market conditions, it's not about mistakes; it's more about lacking the expertise to thrive. During such times, seasoned individuals who weathered the 2008 financial crisis are best positioned to foresee substantial gains.
@AshleyKeith-vw7ws9 күн бұрын
Contemplating the idea of consulting advisors for guidance has been occupying my thoughts lately. I'm at a point where seeking counsel could be beneficial, but I'm uncertain about the tangible advantages their services could provide.
@EricaWaters-lr6zw9 күн бұрын
Desiree Ruth Hoffman, my CFA, boasts a stellar reputation in her field. I suggest delving deeper into her qualifications. With her extensive experience, she serves as an invaluable asset for those seeking financial market advice.
@ChloeCarter-kd7gz9 күн бұрын
I appreciate this advice. Desiree seems to possess a wealth of knowledge. Upon reviewing her online profile, I meticulously examined her resume, which left a strong impression. I have initiated contact with her and scheduled a session.
@user-ye3np6yd4m10 күн бұрын
Something about 27% of Gen Z people age 24 owning a home just doesn't sound accurate to me. Not where where I'm living at least.
@HANU88 күн бұрын
Some own housing in cheaper locations and rent that housing out to complement their income in order to rent a flat in a city that they are able to work (at subsistence level). So, in the end everyone rents, and each level speculates on the one below, making the current housing bubble worse.
@letit02310 күн бұрын
Yeahhhh, no regular gen Zers are buying homes. These folks have mom and dad helping them out big time
@TL-rh1lf10 күн бұрын
It's not about hard work anymore... it's more like a lottery system... even though the ones getting the help try their best to hide it and pretend they're self-made
@yamkaw3469 күн бұрын
@@TL-rh1lfWrong, plenty of us have done it. There are plenty of good jobs out there.
@johnnyknows6929 күн бұрын
She said 78% got help from their parents. So, yes, economy is doing great.
@TheAS6878 күн бұрын
You act as if that’s something negative
@user-1gl97tyG010 күн бұрын
At least they eventually reveal that Dominic had his parents paid for everything
@TheKhmercha10 күн бұрын
thats exactly what i was thinking
@lDoubleDownl10 күн бұрын
Title should say "gen z has to have their parents buy them homes"
@JAlexanderCurtis10 күн бұрын
His parents probably wanted him out of their house
@Noah_52710 күн бұрын
But let’s also understand that he put 3% down on a $210k house. He don’t exactly get a $100k payout from his rich father for a place in Silicon Valley. He likely only needed $10k to get into the house. Yes his timing was good but I know a lot of people by age 21, who 20 years ago, had $10k saved up in the bank. There is nothing special about his story.
@McCdrizzle10 күн бұрын
They never said that. Do you know what a co-sign is?
@Doctaphil6410 күн бұрын
What a ridiculous analysis. Focusing on a 21 year old kid who bought a home at sub 3% is a UNICORN, not the norm. Younger people are now willing to accept that they can either rent forever or sign for 30 years of debt. The low interest rates of covered were just luck for anyone who bought during the time.
@zunedog3110 күн бұрын
It actually demonstrates the statistic well. Gen Z have been in their careers for say 5 years on average. More than 20% of that time was in an extremely low interest rate environment. That is significant compared to other cohorts where the opportunity for them to buy overwhelmingly came when interest rates were elevated.
@nickdaviskni735810 күн бұрын
He’s in college too. Like how is he affording that mortgage? Where did the down payment come from? His parents? Agree this is ridiculous!
@boxoffisa10 күн бұрын
I watched the video like one minute and was like 😮. Glad you saw it.
@bubbasanches459110 күн бұрын
They have money from mommy and daddy
@emmanuel116310 күн бұрын
@@zunedog31its a small sample size making this useless
@ItsMeHammie10 күн бұрын
What a bogus report. How can you say Gen Zs are buying homes when you're only speaking about a tiny percentage of them? Not only that you also say genz has more debt, suffering from inflation, and suffering from an inflated home market. I am a lucky millennial who purchased a home when I was 26. 3 years later it doubled in price. No way I could afford my house at today's price. So much BS in this video.
@KyleHubb4 күн бұрын
Its CNBS. What do you expect?
@TheBlawdfire10 күн бұрын
"Single" does not equal "buying alone." Every single gen-z buyer I know has had significant financial assistance from their family. This includes ultra-high-earners.
@yamkaw3469 күн бұрын
That simply is not true. I purchased my home all on my own. I know plenty in my age group to do the same
@TheBlawdfire9 күн бұрын
@@yamkaw346 Congrats. Your anecdotal experience does not make mine untrue
@TheBlawdfire5 күн бұрын
@notme9976 not a millennial, you know nothing of my personal or financial situation, and your aggressive tendencies as a keyboard warrior signal that you're a pathetic person
@nameblocked10 күн бұрын
CNBC please report on the millions of vacant units sitting empty, owned by corporations and foreign investors. 😊
@BrendanGeormer10 күн бұрын
Unfortunately that's just a common misunderstanding. I say unfortunately because if it was the truth that corps and foreign investors own millions of houses that are sitting empty, it'd be an easier fix. There was a study that published a number around 40% for share of homes that are not being used as primary residences for the owner(s). But that statistic is actually only for single-family homes being rented out. Owned homes (including mortgaged ones) are much, much more common than single family homes being rented out. If I recall correctly, that statistic is specifically referring to detached homes, as in not townhouses and apartment complexes, or multi-family homes (though I would think the latter category is not as statistically relevant in this day-and-age). In reality, corporate and foreign investment ownership of housing is mostly a non-issue at-large. There are definitely areas where it is a large contributor to the problem of housing costs (aka housing shortage driving up prices, despite what others might say), like downtown Atlanta, as far as I know; because in such areas there is a concentration of that behavior, wheras in other areas it isn't so much an issue. Many of the cities where this is the case are young, growing, and in the sun belt (part of the larger trend through the last decades of massive population increases in that region), and thus are good speculative assets. But most places in the country are experiencing housing price crises because of zoning and other regulations, as well as "NIMBY" behavior. For the latter, as opposed to the common framing that it is necessarily bad that people don't want things in their area, it is understandable that not everyone is thrilled by the idea of low-cost housing developments in their area, which will be used by poorer people, which is an issue because poverty and crime are deeply interconnected, and crime lowers property values and just decreases quality of life anecdotally as well. There isn't really a good answer in a decentralized system such as in the US, because if an issue is resolved in one place, it essentially pushes it somewhere else until over time that issue is fixed and the next one comes around and the cycle repeats.
@TravelTechie41510 күн бұрын
they must think we're on crack to believe this BS they're trying to spin .. No Gen Z is buying, it's their parents. Low salaries + less jobs + overpriced Housing 2x-4x from 3yrs ago .. THERE IS NO MORE MONEY TO GRIFT , WE ARE BROKE!!!!
@jonathantaylor69268 күн бұрын
This is real. Down the street from me the last two homes that sold in the same neighborhood have both sat empty for over a year after being sold. These homes were both over 1M dollars.. that street has maybe 20 homes (5 acre lots) so 10% of that neighborhood is unused homes.
@logankrastel96095 күн бұрын
They have in previous videos.
@dallasryder812510 күн бұрын
Grandparents or rich parents. I'm not knocking it, because I'd want my kids to be well off as well. I just wish a lot of people would quit pretending they got it out the "dirt" or worked harder than everyone to get a home. It's like lying about working out, diet and such when you were just getting ozempic and HGH off your parents insurance. Be honest.
@notyourtypicalfarah719410 күн бұрын
They're buying 200k homes in the middle of nowhere. You can save 20 to 40k in 3 years lol.
@zachpinkston423310 күн бұрын
@@notyourtypicalfarah7194no you can’t lmao if you make 30k a year you aren’t getting a house anywhere
@TL-rh1lf10 күн бұрын
@@zachpinkston4233 Yes.. and buying a house is just one hurdle... things like taxes, insurance, maintenance can add a lot to the total monthly cost
@handleyobusiness8 күн бұрын
Jealous much?
@loganmedia44012 күн бұрын
It's common to pretend. Seems especially popular with conservatives though.
@pensivepenguin300010 күн бұрын
Wait. I thought the narrative was that gen Z was never going to be able to buy homes. Now apparently they are beating all the other generations to the punch? At least get your story straight 😂
@HichigoShirosaki110 күн бұрын
Not at the national median they can't. But some of them are smart enough to realize they don't have to.
@CrimsonEclipse9 күн бұрын
Because these Gen Z are trust fund babies and their parents took advantage on the first time home owners government loans when the interests rates was at 4%. I know because i met a few.
@lextacy200810 күн бұрын
This is gross mis-accurate. None of Gen z makes above 63k per year. They are acquiring homes, not buying.
@jon910310 күн бұрын
Nonsense, there are jobs that pay six figures straight out of college. The trouble is, they tend to be in high cost of living areas so a six figure salary may not go as far as you would like.
@DarkwellorBZ10 күн бұрын
If you’re a nuke welder a sniper or a drug dealer you might be pulling over 100k
@Wydsbdjwu1839310 күн бұрын
I’m Gen Z and make over 100K with my spouse and by myself a little over 70K
@yamkaw3469 күн бұрын
Why do you guys have this victim mentality? It’s so easy to make more than that.
@huntergerken4209 күн бұрын
Entry level engineers make 80k starting out at my firm. Its doable for Gen-Z.
@brandonsanders220510 күн бұрын
“It was cheaper to buy a home than to live on campus”. He meant to say it was cheaper for my daddy to buy me a home, than pay for me to live on campus.
@ManUntdForever10 күн бұрын
And the dad will turn around and rent out the house to future college students once their child graduates.
@jon910310 күн бұрын
My guess is his parents helped with the down payment but he pays the ongoing expenses like mortgage and maintenance.
@justinjones681010 күн бұрын
@@ManUntdForever probably not he will just sell it once his son graduates
@skyak449310 күн бұрын
@@jon9103 A parent co-signed. That means that the kid pays for everything, but if the kid fails, the lender can go after parents assets for any shortfall. The kid in the video already has ~100k of home equity from apreciation and downpayment. The parent is in the clear if things don’t crash.
@jon910310 күн бұрын
@@skyak4493 just because they co-signed doesn't mean they didn't also help in other ways. As far as I can tell, the video didn't explicitly say one way or the other and it's not something that he would necessarily go out of his way to reveal.
@stargazer38289 күн бұрын
I guess CNBC didn't look at all the Tik Tok videos of Gen Z women who bought homes and now are selling them to move back into apartments because they were not aware of all the costs associated with home ownership and would rather have a landlord take care of problems that arise rather than themselves.
@FinancialShinanigan10 күн бұрын
If only all our parent's were able to help out
@nicholasmorello637010 күн бұрын
We are in a bigger bubble than 2008. Wait.
@mcmans.10 күн бұрын
All Time High Property Taxes and Insurance. Prices Won't Come Down.
@enginerdy9 күн бұрын
@@mcmans.the average home (including rented homes) has been “unaffordable” for several years now. That reality will come home to roost at some point or other..
@_morgoth_9 күн бұрын
@@mcmans.deglobalization and the reshoring of manufacturing will keep inflation high for years which means mortgage rates will also be high. Mortgage applications have been sinking and will likely not recover for a long time until rates drop or housing prices drop. The more likely one happening is the latter.
@HANU88 күн бұрын
Read Fred Harrison, the world is in deep this time. The crisis is expected in 2026. It is (on average) a periodic 18.6-year cycle. The dept level as a percentage of the GDP is too great this time, and no one is going to lend the USA anything.
@jonathantaylor69268 күн бұрын
@@mcmans. That is an argument for a price correction. When the carrying cost of a home goes up, price should come down. The money to pay increased property taxes and insurance doesn't just materialize out of thin air.
@KristinaNorman10 күн бұрын
Last time I’m clicking on a CNBC video because this is ALL CAP!!!
@MindYourBusiness198810 күн бұрын
Makes my blood boil. The lies
@supereee76 күн бұрын
Yup, this was a garbage video.
@austindize4 күн бұрын
🔥
@lemonhaze150610 күн бұрын
INHERITANCE 😂 NO GEN Z IS BUYING HOME WITH THESE PRICES
@brandonsanders220510 күн бұрын
Yeah. I know a few who are homeowners. All inheritance
@notyourtypicalfarah719410 күн бұрын
Its not hard to put down 10% to 20% on 200k home in the middle nowhere if they started their career at 21 and bought at 24. You can save that much on 70k+ salary
@jameslascelle945310 күн бұрын
@@notyourtypicalfarah7194 I think we are lucky as we are the first generation who can work/ own businesses remotely online. I have so many friends moving to Ohio and Michigan. Then you save so much on having the lower downpayment that you can actually afford a secondary home in a warm climate maybe in Jamaica or Belize to escape the cold winters. The very few of us who understand this are moving to the next UP and Coming cities. Cities that Gen Alpha and Beta will flood into in the coming decades driving up our home equity.
@jon910310 күн бұрын
You clearly didn't watch the video, many of them are working remote which allows them to buy in lower cost parts of the country. A $200k home is very doable by a young professional.
@danielrafuls399010 күн бұрын
@@notyourtypicalfarah7194 Living with their parents, no health insurance, and not investing in their retirement, yeah - they can save that much easily.
@thomastran837210 күн бұрын
Stupidest story I ever heard there are no gen Zs outpacing anyone buying homes
@CoryWatson10 күн бұрын
Says it's "higher" for home ownership when the last available data shows it's going UNDER every single generation before by next year. No data analysis team CNBC?
@gamesguy9 күн бұрын
False, Gen Z are ahead of millenials/gen X/boomers for homeownership rate at the same age, they are also saving more.
@Bob_The_Builder1909 күн бұрын
@@gamesguygo to sleep!
@LoLTgreene5 күн бұрын
Privileged young people get to buy homes sooner than the rest. Groundbreaking discovery. Such journalism. Much wow.
@kvb395510 күн бұрын
Impressive, very nice, now let's take a look at those mortgage payments
@AngkatanNamwaran9 күн бұрын
Mom and Dad paid for it.
@InflationProof285 күн бұрын
Not a problem at all with the method I use, the mortgage payments are taken care of with the proper accounting.
@Yhawni10 күн бұрын
Before finishing the video, I’m gonna guess Gen Z is getting help from family and inheritance.
@user-by3nd4rm6c10 күн бұрын
It's gotta be mostly if not solely inheritance no? Obviously they're gonna leave that part out
@Urehs10 күн бұрын
How can you generalise an exception
@joelhernandez217110 күн бұрын
Hard no on this one
@Dave05J10 күн бұрын
Your opinion don't matter when there are facts!
@notyourtypicalfarah719410 күн бұрын
@@Dave05J mouth breathers that work at Walmart are projecting. There are many gen z making 70k if not 100k in union trades, I.T, sales, project management etc
@ItsPlayWryte10 күн бұрын
As a 34 year old millennial most of the Gen Z kids that are now young adults I know are all still living with their parents. That's just my perspective, I could be wrong.
@CadillacSlick10 күн бұрын
Try qualifying for a 3.5% down FHA government mortgage!
@MindYourBusiness198810 күн бұрын
All the ones I know are living with their parents
@HABHDAY7 күн бұрын
Plus, having babies for their parents to raise.
@TriggaTreDay2 күн бұрын
Same.
@hyperactvehuman10 күн бұрын
Grandparent money. Period.
@TheAS6878 күн бұрын
Does it really matter
@hyperactvehuman8 күн бұрын
@@TheAS687 It doesn't, the great wealth transfer is upon us.
@TheAS6878 күн бұрын
@@hyperactvehuman I don’t know why ppl hate on those whose family set them up for financial success
@quinnh139810 күн бұрын
Gen Z is better with their money? CNBC literally created a video talking about Gen Z maxing out credit cards for vacations and experiences. Smh.
@pensivepenguin300010 күн бұрын
Right, and they’ve probably made a dozen videos talking about how gen Z will never be able to afford homes. Make up your minds lol
@SSSS-wq4vn10 күн бұрын
@@pensivepenguin3000Yes. Wtf.
@zunedog3110 күн бұрын
Two things can be true at one time
@pensivepenguin300010 күн бұрын
@@zunedog31 yes, but not these two things
@dawnslight9810 күн бұрын
I think they're overgeneralizing a generation. I know people my age in the Midwest who own homes and are having kids. No one I know who moved to the coasts is doing that yet. They're still blowing up my socials with bar nights, weekend brunches and big vacations. Where you live makes a big difference.
@Mavryck_Tha_Myghty8 күн бұрын
“Home values went up considerably from 2021 to where we are now” Actually, the value of the dollar just plummeted because of our incompetent government. So it takes more dollars to buy the same home from 2021. The home isn’t worth more, but rather the dollar is worth LESS.
@reuven20104 күн бұрын
hmm not so true, there is kind of a worldwide inflation right now, almost all currencies got hurt
@gwenaellepage10 күн бұрын
I have no ideas where they got those data but it’s BS. They bought overpriced homes with what down payments exactly?
@pjell5 күн бұрын
Millenials weren't "inclined" to work in urban centers, it was literally where the jobs were. There was no option to work from home.
@programmer43710 күн бұрын
Gen Z gonna be house poor, these prices are absurd.
@el_chilango295310 күн бұрын
Yeah exactly. A lot of my friends who own a home don’t have extra money to enjoy life. They can barely afford to travel. Just work all year round because they’re house poor. Lmao
@programmer43710 күн бұрын
@@el_chilango2953 - That will probably end in one of two ways - either the housing market goes into recession when these properties end up getting sold off, or everything else goes into recession because Gen Z is literally only buying houses.
@DanielGibbons-v9k10 күн бұрын
@@el_chilango2953 That was my wife and I from 2000 to 2012. No vacations, tight budget, used cars, etc. When we sell our house next summer we'll downsize and be debt free. If you want to buy a house, make that your priority.
@zunedog3110 күн бұрын
Just wait till you see home prices in 2030
@derickshalo38410 күн бұрын
More like house negative.
@donovandelaney31712 күн бұрын
They forgot to mention that Gen Z are also buying sustainable homes, tiny homes and tiny fiberglass homes.
@AnimalKing-n2k10 күн бұрын
I started liking CNBC reports and this one comes up to ruin it.
@j.l.salayao805510 күн бұрын
oh, poor baby bo. I hope you get well.
@ezsyt10 күн бұрын
They're not homeowners. They're debtors.
@nixic_10 күн бұрын
That's basically everyone & every building dude.... very few ppl own their properties outright
@NightRidah77710 күн бұрын
Even if you "own" the property you don't since miss tax payments and they'll kick you out
@ChineseWinnie10 күн бұрын
lmao the cope, you seriously think the average american can easily buy a house in cash? they can barely afford their monthly car payment
@handleyobusiness8 күн бұрын
@@NightRidah777 well duh, you can't own a bag of chips from the store without paying the sales tax.
@NightRidah7778 күн бұрын
@@handleyobusiness Once you pay the tax once you can keep the chips forever without paying again though. Store not gonna come get the chips back from you.
@auro198610 күн бұрын
how? their parents are rich, inheritance you know
@TheAS6878 күн бұрын
Don’t have to be rich to receive inheritance
@ZootSuitSanta10 күн бұрын
Yeah not buying it. The children of wealthy people always have nice things-hardly speaking for a generation.
@hppavilionf5010 күн бұрын
As a millennial I do believe this. Many millennials have been laid off not once, but twice. Many of us graduated after the 2008 financial crisis and struggled to find work. We accumulated debt and couldn't find jobs in our fields. Jump 10-15 years, and the job market is great for these younger people that are making the same or more than we are because they graduated at the right time.
@AngkatanNamwaran9 күн бұрын
This guy is in college and has no job, no bank is gonna give him a loan... it sounds more like mom and dad paid for his house, lol.
@jonathantaylor69268 күн бұрын
Also GenZ thinks RE prices only go up and you cant really blame them for thinking that.. millennials might have been younger but they remember the GFC and housing crash.
@patricksiklos718910 күн бұрын
this is the biggest bs I've seen way to gas light everyone. please do actual research and don't use one anecdotal story. what a joke!
@cristianamores307010 күн бұрын
they literally gave you statistics
@mattpatrick256410 күн бұрын
They are buying in college areas because you can easily get roommates and you own equity.
@mrnarason10 күн бұрын
Major cap.
@reyesarg10 күн бұрын
What does this mean?
@ericlee563810 күн бұрын
@@reyesargit’s a gen z slang. Cap = lie
@randucci10 күн бұрын
Fr fr
@SS-su3rn10 күн бұрын
Smells like parent funding.
@ShortcastoverCoffee8 күн бұрын
Wait, didn't you say genz is spending money on life experiences and are renting more?
@natebeyer587610 күн бұрын
The story is based on a kid who received a co sign and a $200k house.😂
@skyak449310 күн бұрын
Story is based on a statistic. The example is just an example. The only nonsense is the huge difference in interest rates when each generation was in their early 20s. GenZ jumped on sub 3% rates. I am genX and my first mortgage was 12 5/8%.
@Obiterarbiter10 күн бұрын
The only Millenials and Gen Z's who I know have purchased a home have had substantial assistance from their parents. Be it through generous lump-sum payments or through assistance in mortgages.
@WillieFungo10 күн бұрын
Over 50% of millenials own homes. You internet people have a completely warped vision of reality in America.
@dedhampster473010 күн бұрын
Or like us early millennial, we did it as a 3 person suburban commune. We are unrelated by blood or marriage and no kids. 3 adult incomes and no dependents is the only way to have a middle/working class lifestyle. And still we always have at least 1 member at a time unemployed due to companies always laying off, going bankrupt or doing funky accounting. At this point thebonly marriage we will ever have is passing around a marriage license for the health insurance with prenups and no contest divorces, LOL.
@TheAS6878 күн бұрын
Or we went to the Military came out with zero debt, plenty of cash in the bank, and were able to get mortgages with a zero dp
@Obiterarbiter8 күн бұрын
@@TheAS687 military recruitment is low for GenZ, just like it is for millenials too
@TheAS6878 күн бұрын
@@Obiterarbiter plenty millennials went what are you talking about recruitment was never low for that generation
@Mrslykid19929 күн бұрын
WTF! Gen Z is ballin like that! Im in my 30s and still not touching a home equity.
@Dangic2310 күн бұрын
So basically Gen Z are having the houses bought FOR them. Got it.
@skyak449310 күн бұрын
So basically Millenials are sniveling trolls online while GenZ made their move and bought their homes. Got it!!!
@TheGringowashere4 күн бұрын
Love how a small percentage of gen Zers buying homes gets sensationalized by the media as if gen zers are ALL out here thriving.
@GT-OD10 күн бұрын
I wonder what's the race ratio of Gen Z home buyers.
@j.l.salayao805510 күн бұрын
I think one is a monkey, a chiuaua, labrador, tiger, and zebra.
@raxjax878710 күн бұрын
As a gen Z getting my first home, I would not have done it without joining the military and receive the VA loan, as one of the biggest hurdle was to saving up for a 20% down payment. Also happen to live in a state that home prices are relatively cheaper than other states and major cities as that one of the big factor on how I can afford a home.
@adamasimolowo828510 күн бұрын
Be careful with putting 0% down. it's a trap.
@ChubDetector10 күн бұрын
That’s the same boat I’m in
@CarsTechWood10 күн бұрын
I’ll say I am 32 and bought my first house in 2015 at 23 years old. There is no way I would be able to buy a house if I was 23 in 2024. I paid $208k for my first house that is now worth $480k. It’s all about timing and luck and Gen Z is getting screwed in the housing market. Single family home ownership will be a luxury for the rich and for those who bought in at the right time.
@Kinpica10 күн бұрын
As a 23 year old tryna make it all I have to say about this video is “😂😂😂😂😂😂😂😂😂😂😂🧢🤣😂😂😂😂😂😂😂” I wish bruh
@randucci10 күн бұрын
Cap fr
@shiramaro10 күн бұрын
just cause u broke doesnt mean all of us lil bro
@Kinpica10 күн бұрын
@@shiramaro Thats correct! But it doesn’t change the fact that the video is cap 🥸
@funkeeee10 күн бұрын
Nah. Say 'Domimic is a homeowner', not 'GenZ are homeowners '. I don't own a house.
@XxXenosxX9 күн бұрын
Nobody in my generation can afford a home unless their parents are forking over money.
@evanscott603310 күн бұрын
Just ask anyone you know between 26-30years old how they feel about home buying opportunies...You'll get the picture
@Minney-Me10 күн бұрын
These are Zillenials. They can relate to this study as well
@Runnifier10 күн бұрын
So at 35, most people are halfway dead before they can afford a house. Let that sink in America.
@pey777710 күн бұрын
Bought my home in Dec 2020 and locked in a 2.85% 30 year fixed rate. It was one of the best financial decisions I ever made
@sagepirotess63129 күн бұрын
No you have a lease to own. Until its paid in full. I built a house paid in cash.
@TrueOrigins16189 күн бұрын
@@sagepirotess6312, a lease doesn’t build equity. You also can’t sell a lease and cash in on that equity. You just wasted cash, if you could have borrowed at 2% and invested at 5%
@sagepirotess63129 күн бұрын
@@TrueOrigins1618 no, a lease is still pay to live. Buy a property in cash! Or build in cash! Then you own. Anything less your just a fool, easy to part with assets.
@jonathantaylor69268 күн бұрын
What percent did you put down?
@pey77778 күн бұрын
@@jonathantaylor6926 5% down. I now have nearly 40% equity in the property despite not paying it down any quicker than normal
@mechalovessquirrels8 күн бұрын
This is the same way CNBC tells us economy is good and dont trust the prices you pay at Walmart
@el_chilango295310 күн бұрын
I feel sorry for people who thinks owning a home always leads to success stories. Index funds are proven that it provides higher returns than owning a home with a ton of phantom costs, unlimited trips to Home Depot, etc. your mortgage is the minimum you’ll pay. I rent and if there’s any issues, I text my landlord. Rent is the maximum I pay. 20%-25% of my income goes to the stock market. All my friends who own a home don’t have money to travel and enjoy life. What’s the point of living if you can’t enjoy it because you’re house poor?
@beaniemac10 күн бұрын
A house is the only investment that builds wealth while providing a necessity in shelter. There are no mutual funds that allow you to do both simultaneously.
@el_chilango295310 күн бұрын
@@beaniemacyou cannot call your house as an investment since you’re gonna live in it. You’re still gonna need to pay something for shelter whichever way you do it. Let me correct you. Owning a home is ONE WAY and not the only way to make wealth. I know a lot of people who can buy a home in cash but choose to rent and invest the difference. Another downside is when you’re house poor, you’ll probably have no liquid assets and imagine being stuck in the same place for decades. You’re gonna miss out on a lot of job opportunities since you don’t have the same flexibility. If you own a home, just expect things to go well because it can easily be a money pit.
@el_chilango295310 күн бұрын
@@beaniemacnot sure if you know but you can only realize the gains when you sell. And when you do, where are you gonna live? The amount of money you’re gonna make in a home would be the same cost you’re gonna pay for a new one. 😂 me telling you this a I watch my monthly dividends hit my bank account for life
@nameblocked10 күн бұрын
This is the number one lie that has been told to homeowners who cheerlead like idiots at the astronomic rise in home values. It's no benefit until you sell.
@beaniemac10 күн бұрын
@@el_chilango2953 the same goes for index funds. U aren't realizing anything other than maybe dividends until you sell.
@FernandoDeJesusPonce8 күн бұрын
I’m a Realtor, most gen Z that have bought had their parents help BIG TIME. Those without stable parents have bought at a much lower rate. Speaking for Central Valley in California. Nothing wrong with that but the data is off
@8luvbug10 күн бұрын
By becoming influencers?
@SilverEyeStallion10 күн бұрын
Yep, that money pays.
@lukekibbles10 күн бұрын
@@SilverEyeStallionlol that’s what they want u to think
@kvnmrtnzskt10 күн бұрын
@@lukekibblesno it does…
@SilverEyeStallion10 күн бұрын
I mean, some kick streamers get 55 subs a day ontop of a part time or full time job during the day. @@lukekibbles
@ManUntdForever10 күн бұрын
Was thinking the same thing. Some of those influencers are making tens of thousands a month.
@Navitus8 күн бұрын
The filthy rich: Quick! Make them think they are fine before they eat my face!
@macframa0810 күн бұрын
Iam a millennial working my ass off and still can’t afford a home. This is crap!!
@kuheylan123ify10 күн бұрын
I still cant wrap my head around the fact that a 24 yo can afford to buy his own house. Still, congratz to him
@GoMakeSomeSandwhich10 күн бұрын
lol u will probably never
@davidsamuelson208910 күн бұрын
They only let that guy “buy” a home because his parents had to co-sign & help with a down payment.
@JinNani2248 күн бұрын
The guy said he worked at least 40 hours a week to get that co-sign and that it wasn’t easy…that’s all you need to know about this video. Meanwhile I’m here with two jobs paying for eggs that cost 9 dollars
@PhillKaggitz10 күн бұрын
…. Are you guys for real?
@user-by3nd4rm6c10 күн бұрын
What media outlet is?
@Keykool1179 күн бұрын
I’m glad my fellow peers in these comments recognize the obvious cap in this rap 😅 lmao they pulling numbers out they ass for this one
@havelard10 күн бұрын
Daddys money ofc
@abelincoln32619 күн бұрын
There's a huge difference between buying a home and being able to keep up with the payments... how many will lose their homes within the first few years.... a lot would be my guess.
@MrKeyframes10 күн бұрын
*HIGHER THAN MILLENIALS AT 24. So basically 'Why are Trust Fund babies more spoiled today than they were in the past?" No 24 year old can afford a house. Don't care about outliers scenarios.
@konigstiger325210 күн бұрын
27.5% is not outliers... that's more than 1/4
@Magicmak2310 күн бұрын
I'm 23 and work in tech and everyone I know is looking to buy a house within 3 years , it's not that uncommon... Maybe you're just in the wrong line of work for your goals in life?
@Jay-jb2vr10 күн бұрын
@konigstiger3252 what's the *majority?*
@Brodragon222510 күн бұрын
@@Magicmak23 not now though after 2023 recruit.we will suffer most who will pass on 2027.Gone are the days for high tech jobs even google is laying off
@Magicmak2310 күн бұрын
@@Brodragon2225 I think people are just too used to hearing and repeating fearmongering online. The tech industry is known for booms and busts, and we're currently going through a regression to the mean. There was just over-hiring that occurred during the pandemic. Almost everyone I know has a TC of at least 130k.
@ezradlionel7114 күн бұрын
Boomers helping Gen Z buy their first homes is epic irony
@Thebluesky031110 күн бұрын
YEA.... this is BS....!
@wizaaeed9 күн бұрын
We gotta stop looking at gen z & start looking at these prices. Cuz ain't nobody got 2 mil for a vanilla house
@hi-tych10 күн бұрын
So, they'll be broke within 8 years. 😂
@michaelmilian43365 күн бұрын
“I just need to hit this 20 leg parlay and I can buy a house” - Gen Z
@beaniemac10 күн бұрын
I'm need to know how this kid at age 21 was able to qualify for a mortgage🤔. That rarely is possible given his age unless he inherited money or had a cosigner.
@TheAS6878 күн бұрын
Simple enough join the military or get a trade skill. You’ll notice the difference in not having college debt and an influx of expendable money.
@Nana-Kwasi41910 күн бұрын
Everyone can buy a house, not everyone can keep up with mortgage and maintenance of the house
@nialeemaria3 күн бұрын
My husband and I bought our first home on March 25th, 2020 for $120,000 at the ages of 26 and 28 (making us younger millennials). We’d been married for six years, had an income of around $40k, combined student debt of around $80k, and were expecting our second child. We got no help from family with the down payment or co-signing, though we had lived with my parents and his at different times to save money on rent (we always payed rent, even when living with our parents). We did take advantage of a government program that helped us with our down payment, and the seller was self-representing and favored us over other offers because we knew them personally. Our rate is 3.65%, and our monthly payment is lower than any rent we’ve ever paid. Our 3-bedroom house is now valued at close to $300k. It’s our only asset and we are forever grateful that we broke into the market when we did-one week before the shutdown.
@el_chilango295310 күн бұрын
How many of these gen z can commit to paying the mortgage for 20 plus years? Yikes that’s like a prison. No flexibility.
@j.l.salayao805510 күн бұрын
You can say the same for a gen x, millennials, and boomers who over leverage themselves to a mortgage more than what they can swallow.
@crazyone10679 күн бұрын
I'm Gen X and I bought my home at age 19.
@MaxwellMax9 күн бұрын
The title is offensive. So Gen-Xers don't exist?
@jordanfgfox72378 күн бұрын
Gen x literally raise gen z and I do agree The title should be gen x owns more
@nicholaspham1587 күн бұрын
It’s not HomeOwner , it’s HomeLoaner, the Bank is the HomeOwner 🙄 until you pay it off
@md.monjuralamrakib161110 күн бұрын
The issue with millennials is their tendency to purchase homes in high-priced areas, while Gen Z is moving out of big cities to afford homes on an average income. Gen Z is also adopting remote work and getting married earlier than millennials.
@hehehe56353 күн бұрын
$200k for a home 😂 Buddy from there I come from you can’t get a 1 bed condo for less than $600k
@anonymous-vu3bb10 күн бұрын
this is a ridiculous and unrealistic information. who do you wanna make fool? huh?
@ramyaramasubramanian28736 күн бұрын
Not sure why this is surprising. Each generation is smarter and has more information than the past. Human race keeps moving forward
@Dave_East10 күн бұрын
my wife and I own single home family rentals. we have $200,000 left on mortgages. We are now the possibility of maintaining $70,000 annual income by selling and investing in stocks and bonds. How does this work out?
@DhanaPayar10 күн бұрын
Real estate is a solid investment but demands effort and lacks liquidity compared to stocks and bonds. Long-term market trends should guide decisions.
@oliviathompson184610 күн бұрын
Considering the sell and invest option? It's essential to consult a reliable financial planner to ensure income projections align with your goals.
@JaneBlac-10 күн бұрын
have you worked with a financial planner ? if yes , how was it? care to share your experience
@oliviathompson184610 күн бұрын
Certainly I have, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Jessica Lee Horst” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
@Steven-u2u10 күн бұрын
This Jessica lady looks great.i looked her name up. We have about $300,000 in IRA and 401(k) and 403(b) assets. Is that something she can manage? I already left a message, what’s the response timing like?
@zsam80956 күн бұрын
My husband is Gen Z (1997) and I am a Millenial (1996) we both graduated college as aerospace engineers. I spent 1.5 yrs not taking any vacations, big expenses in order to pay off all my student loans. My car is 15 years old, and I own it. My husband and I put down 20% on a 415k home with our own money that we saved for 4 years.
@lukekibbles10 күн бұрын
Who are these “Gen Zers” buying these overpriced homes? Lmao what a clown economy.
@DakotaFord59210 күн бұрын
Omg!! This man is so beautiful!! I want to put my face next to the arch of his foot!!
@kk4649k7 күн бұрын
Gen z is 1997-2012. That means they’re age 27-12. I highly doubt at even 27 which is the oldest gen z was able to Afford 10-20% down payment in current market. I know there’s select few who did well and hats off to them. But majority I highly doubt it. Research more and I bet most if not all have their parents co signed or better yet as owners.