Real Estate

Finding affordable housing proves challenging for older millennials

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As millennials begin to turn 40 in 2021, CNBC Make It is launching Middle-Aged Millennials, a series exploring how the oldest members of this generation have grown into adulthood amid the backdrop of the Great Recession and the Covid-19 pandemic, student loans, stagnant wages and rising costs of living.

When it came to buying a home, Jessica Kenney didn’t stress about the style of the house or the number of bathrooms. She dreamed of finding the perfect setting for her backyard wedding and a comfortable home to start her family.

In 2010, Kenney and her then fiance purchased a 1,700-square-foot, three-bedroom, two-bathroom ranch-style house in upstate New York for about $80,000 — under…



Source cnbc.com

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