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.
Dave:
Hey, what’s going on everyone? Welcome to On the Market. I’m your host, Dave Meyer. Today, I am going to be doing a semi deep dive into a topic that has really been interesting me recently. And yes, it is nerdy, it’s a little wonky, but it is demographics. And I know that probably doesn’t sound like the most exciting topic, but I’m going to try and make this fun. We have a great interview for you and I want to also just make sure you know that demographics are actually a really important part of investing, particularly with real estate investing because it makes up a lot of demand, right? On this show, we talk a lot about supply and demand and how that really impacts the price of assets.
It impacts where rent…