Why Homeownership Is Increasingly Elusive for Young People

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Why Homeownership Is Increasingly Elusive for Young People
Young homebuyers face a range of barriers to ownership, including high prices and interest rates, rising living costs, and reluctance to leave their hometowns or families for more affordable areas. Courtesy of David Moore; John Fredricks/The Epoch Times
Young homebuyers face a range of barriers to ownership, including high prices and interest rates, rising living costs, and reluctance to leave their hometowns or families for more affordable areas. Courtesy of David Moore; John Fredricks/The Epoch Times
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At age 25, Jacob Weber left the U.S. Army to pursue his American Dream: raising a family and owning a home.

Years later, half of that dream—home ownership—remains elusive. Instead, Weber, his wife, and their infant daughter are renting a relative’s property while they continue their search for a house within budget in their hometown of Ocean Shores, Washington.

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