Homeownership Down Most In The Under-35 Population

It's unbelievable!  So many times people can OWN for the same or less than a rental payment and they are really doing themselves a disservice by not trying to qualify and look.  I understand that in the "younger crowd" employment is very difficult to come by.  Too many graduates are being pumped out of the college machine with degrees and cannot find work.  I think that is a large portion of why people are not buying - they can't qualify!  I think the desire is still there.  I live in a college town and often work with younger first time buyers since they are going to UF for 4years and understand "rent money is spent money".

I am not surprised at this given the unemployment figures.  The focus is on getting a job..  I can't imagine the under 35s having been able to build up the funds for a downpayment.

Good morning Nina - I was surprised at the news since home ownership is so affordable these days, but I'm assuming ownership is less appealing when (as Jane above me pointed out) job security is rare.