💨 Abstract

Gen Z and Millennials struggle to enter the housing market, often dubbed "Generation Rent." Baby boomers, benefiting from cash buying, dominate property purchases, making it harder for younger generations to compete. Cash buying speeds up sales and reduces risks but lacks the financial flexibility of mortgages. Younger buyers often rely on savings or family help, while older buyers use proceeds from previous homes. The housing market's dynamics favor cash buyers, complicating homeownership for younger individuals.

Courtesy: Eleanor Noyce