Call: +233 30 224 4814 | WhatsApp: +1 240 856 9973


Lapaz Flat-Top, Adjacent Emmanuel Community Hospital.

Contact: Ghana Office
Phone: +233 30 224 4814


Maryland, USA

Contact: USA Office
Phone: (240) 856-8856

Chrisma Auto Group

Chrisma Auto Group

Our goal is to make every client so delighted with their vehicle purchase that you’ll come see us when you need your next car and to happily recommend us to friends and family.

Call: +233 30 224 4814 | WhatsApp: +1 240 856 9973

Here’s how long it will take young people to afford to buy a home

Economy, People

Eighty percent of millennials report that they would like to buy a home, and a majority even say that it’s part of their five-year plan. Yet 68 percent have less than $1,000 saved. Almost half, or 44 percent, have saved nothing at all, according to new data from Apartment List.

Apartment List reports that “72 percent [of millennials] said affordability is the primary obstacle” to purchasing real estate. And many of those who have been to college are hampered by the loans they had to take out to finance their educations. According to their findings, “high levels of student debt and stagnant career opportunities have long kept millennials sidelined from the real estate market.” It defines millennials as those born between 1982 and 2004.

When the cost of college started rising sharply in the 1990s, the universities jacking up the prices probably didn’t consider the effect their actions would have on the real estate market of today. Now, student loans are a primary reason given why millennials would like to buy homes but cannot afford to.

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