Millennials may be facing unaffordable housing, but they’re paying less in rent than other generations

For millennials, the outlook on home ownership is bleak: Housing values keep rising and incomes just aren’t keeping up.

But is the situation facing millennials, those ages 23 to 38, really worse than the housing environment that Gen X and baby boomers grew up in? To compare, HireAHelper analyzed U.S. Census Bureau data and isolated the years that each generation was entering independent adulthood in their 20s...

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RSK: Am I missing something or is there some fuzzy math in calculating a down payment amount needed to save from each paycheck? There are mortgages out there for 3%-5% down. so how does that add up to 6.4 years of their total pay on a $284,000 home?