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The Guardian - US
The Guardian - US
World
Venessa Wong

Most US millennials finally own homes – and it’s not thanks to their parents

illustration of a hand holding a keyring with 'new home' and avocado toast on it
Millennials were once derided by some as the generation that spent too much on avocado toast to be able to afford a home. Illustration: Ulises Mendicutty/The Guardian

Vicki Buehler never thought she would own a home. By her mid-30s, her student loan balance had ballooned to $200,000 after she deferred payments, and she eventually went into default, leading to a subprime credit score. She was a workers’ comp attorney in Binghamton, New York, and earned about $60,000. “Having my own home was a pie in the sky dream,” she said.

This changed suddenly in 2021, when Buehler, a millennial, became part of a wave of homebuyers among Americans her age.

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