‘I Make Good Money — And Still Can’t Buy’: Middle-Income Renters Declare Housing Dream Dead
In a survey of 1,011 moderate-income renters, 44% said they now earn more than their parents did at the same age but still cannot afford a similar life, including a home. That comparison is the renters’ own read, not an inflation-adjusted figure. A wide perception gap drives the pessimism: 84% overestimated the minimum down payment, and 94% did not know it can run as low as 3% to 3.5% through programs like FHA, USDA, VA, and Conventional 97 loans. The mood is not evenly spread. Women and Gen X reported the most doubt, while Gen Z stayed the most hopeful yet the least likely to have started saving. ….[READ]
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