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 Cover Whether or not millennial housing demand is peaking and how household formation is changing Gen Z’s outlook on homeownership and why many are choosing to rent The top cities where Gen Z renters and homebuyers are moving to Home affordability and why it may stop Gen Z dead in their tracks The 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 Show BiggerPockets Forums BiggerPockets Agent Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Find an Investor Friendly Agent in Your Area Dave’s BiggerPockets Profile Dave’s Instagram Yardeni Demographic Data Rocket Homes moveBuddha NYT/CommercialCafe Book Mentioned in the Show Real Estate by the Numbers by Dave Meyer and J Scott Connect with Soli: Soli's BiggerPockets Profile Soli's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-43 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices