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Reconsidering Homeownership for Millennials
The high cost of housing, particularly homeownership, is a major frustration for many millennials due to high interest rates and home prices. Millennials are questioning if they will ever afford to buy a home. Despite homeownership traditionally being seen as a path to adulthood and wealth, it is suggested that for most people, giving up on the idea and renting may be the better option for now. Renting should not carry a negative stigma, and giving up on homeownership temporarily does not mean giving up on it forever.