Gen Y Homeownership 101


Soaring property prices and financial burdens make the decision to buy a home a tough one for Gen Y-ers.

Generation Y faces a dilemma – how does one find balance between the tradition of providing for aging parents, and the modern urge to leave home early and start their own family?

Inevitably, they become part of the Sandwich Generation, caring for aging parents while supporting their own children at the same time. However, Gen Y-ers have an additional problem: they cannot count on their children to do the same for them when they age. In fact, they face the possibility of having to continue providing for their children, the Boomerang Generation, all their life.

This begs the question: how do they secure a stable and happy old age?

Their answer? Many turn to property.

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