43: Does Gen Z Stand a Chance in Today’s Housing Market? w/Soli Cayetano

Gen Z, the generation just on the cusp of homebuying age, may not have a chance to buy homes in the first place. For years, we’ve heard how millennials have been struggling to buy homes—but what about the generation behind them? With rising affordability issues, wages that won’t match inflation, and a recession on the horizon, will this newest generation ever be in the clear to become homeowners? Or, will they become the largest generation of renters the world has ever seen?In today’s episode, Dave breaks down the data behind the demand, showing where Gen Zers are heading, what they’re buying, and whether or not they even want to buy homes at all. This data highlights significant differences in where renters/homebuyers of this generation are moving. Landlords, pay close attention—buying in any of these high-demand cities could mean steady rent checks for years to come.We also chat with twenty-four-year-old investing mogul, Soli Cayetano, a Bay Area-based investor who grew her portfolio entirely out-of-state. Soli, being one of the oldest Gen Zers, has insight into why some of her peers will/won’t be buying homes anytime soon. She also gives some stellar advice to new or young investors just getting into the rental property game.In This Episode We CoverWhether or not millennial housing demand is peaking and how household formation is changingGen Z’s outlook on homeownership and why many are choosing to rentThe top cities where Gen Z renters and homebuyers are moving toHome affordability and why it may stop Gen Z dead in their tracksThe easiest way for Gen Z to begin investing in real estate (low money down!)Starting and scaling an out-of-state rental property portfolio And So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets AgentJoin BiggerPockets for FREEOn The MarketJoin the Future of Real Estate Investing with FundriseConnect with Other Investors in the “On The Market” ForumsSubscribe to The “On The Market” YouTube ChannelFind an Investor Friendly Agent in Your AreaDave’s BiggerPockets ProfileDave’s InstagramYardeni Demographic DataRocket HomesmoveBuddhaNYT/CommercialCafeBook Mentioned in the ShowReal Estate by the Numbers by Dave Meyer and J ScottConnect with Soli:Soli's BiggerPockets ProfileSoli's InstagramCheck the full show notes here: https://www.biggerpockets.com/blog/on-the-market-43Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

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