Even If Millennials Gave Up Their Avocado Toast They Still Could Not Afford A Home

Declining home ownership among Millennials is not a result of declining affordability according to a new report from analysts at Bank of America. According to the bank’s US economics team led by Michelle Meyer, even though it is accepted that millennials aren’t moving out of their parents' homes because home prices are too high, in practice affordability is not holding back home ownership.

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