HomeFinanceGEN Z And Home Ownership: The Diminishing American Dream.

GEN Z And Home Ownership: The Diminishing American Dream.

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They call it owning a piece of the American Rock. And to many, it’s living the American dream — for those who can afford to dream. For Gen Z, the dream of owning a home is rapidly becoming a distant reality. They are facing the harsh reality of being priced out of the housing market, a struggle that is all too real for them.

Where do Gen Zers and home ownership intersect? The statistics reveal a significant factor: the Baby Boomers, the largest block of homeowners, choose to stay in their homes. This decision, while understandable, is not just a personal choice, but it’s creating a bottleneck in the housing market that is directly affecting Gen Z’s ability to own a home. The Covid-19 pandemic may have provided a slight relief, but not enough to alleviate the housing crisis.

However, because of the COVID-19 pandemic, life expectancy fell 1.3 years from 78.8 years in 2019. The CDC data shows Americans are still reeling from the effects of COVID-19.

Supply And Demand

President Joe Biden’s open border policies have led to a significant increase in the population. Which in turn has swelled the demand for housing. The influx of people, including a large number of undocumented immigrants, has further exacerbated the housing crisis. The six hundred thousand people living on the streets of America is a stark reminder of the housing shortage, making it even more difficult for Gen Z to find their own homes.

The demand far outpaced the Supply.

Trading Economics has reported that housing starts “in the U.S. rose 5.7% month-over-month to an annualized rate of 1.36 million in April 2024, reversing from a downwardly revised 1.287 million level in March.” So, while there is a need for cheap labor coming into America — the cheap labor comes at a high cost to Millennials and Gen Zers.

“Single-family housing starts moved down 0.4% to 1.031 million, but the rate for units in buildings with five units surged 31.4% to 322 thousand. Starts rose in the Midwest (19.1% to 181 thousand), and the South (10.1% to 799 thousand) but fell in the Northeast (-22.6% to 72 thousand) and the West (-2.5% to 308 thousand).” source: U.S. Census Bureau.

 

American Live Births vs Death Rate: Zero Sum Game/Gain

The number of live births in the United States in 2023 was about 3.6 million, around a fourth of the 13 million people crossing the southern border — including the “get-a-ways.”

According to Health Tracker & The CDC, the total number of deaths is 3.27 million, an increase from 2.15 million in 1990 and 2.85 million in 2019. “The fertility rate in 2023 was 54.4 live births per 1,000 women ages 15 to 44, which is the lowest rate in a century.” Hence, the need for Joe Biden to open the floodgates to human tracking while encouraging regular American women to fight for abortion.

President Joe Biden, Secretary Alejandro Mayorkas, and the Border Patrol agents know how to close the border; they don’t want to. When a couple of hundred Black Haitians and Africans showed up, the Border Patrol agents immediately closed the border to them.

They brought the whips and horses out in an instant. And they brutalized the Black migrants crossing into America. Florida has the fourth largest settlement of illegal migrants in the USA.

Ron DeSantis allowed it to take place. However, due to gang violence in Haiti, as soon as there was a possibility of Haitians coming into Florida, Gov Ron DeSantis dispatched the Coast Guard to block and prevent any Haitians from entering the United States.

And for the few Haitians that mingled with the “Mexicans” (generic term) to come into the US, Biden has shipped them back into the arms of extreme poverty and gang violence that awaits them.
Is it because they are Black? There are reports of those who are invading from the southern border, paying as much as $40,000 (forty thousand) to get smuggled into America.

Most Americans (including Gen Zers and Millenials) cannot save four thousand dollars because they live paycheck to paycheck. From whence are these folks getting such large sums of cash? Things that make you umm?

Clinton Franklin
Clinton Franklin is a formally trained Computer Scientist and a writer at heart. Clinton is an avid observer of nature and a lover of people and diverse cultures. He adheres to the adage, “Think globally, but act locally.” It is crucial to be forward-thinking but not a forward person. “Be kind to everyone you meet because each carries his heavy burden…” Plato. Embrace the three Constants: Change, Justice, and Rightness. The thought police are busy at work trying to suppress free speech — if allowed their march to madness — they will arrest your very thoughts.
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