The complicated relationship between millennials and the housing market
When Juliet Burgess, 29, bought her 110-year-old home in Inglewood for the above-list price of $350,000, she says she became the first among her circle of millennial friends to become a homeowner.
“I personally don’t know anyone in my age group who owns property,” said Burgess, who works in the not-for-profit sector. “We’re super lucky to be able to afford to buy.
“I’ve been saving my whole life, since I was 14. Even with that, my partner’s savings and our parents giving us a little bit, we could only put down the minimum for a down payment.”