Millennials will spend 45% of income on rent before age 30


Anyone living in LA knows how expensive the rents are becoming. With nearly 2% vacancy rates (which is basically nothing) it is becoming increasingly hard for Millennials to get ahead financially.  With that said, the most important phrase I find in this article is this...

" a survey from Zillow shows that while mortgage payments are more affordable on average than monthly rent payments, renters are struggling to buy a home due to perceived down-payment barriers." 

I find this true within my own experiences with clients but I'm also a believer that with the right guidance and information there is always a solution to a hurdle.

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