Why It May Take Sixteen Years for Denver Millennials to Afford to Buy a Home
A new study estimates that it will take Denver millennials sixteen years to save enough to cover a down payment on a home. The reasons go beyond how difficult it is for young people to make a living in Denver despite the strong economy to include the failure of wages to keep up with housing costs, poor saving habits and misunderstandings about how much money it will take to purchase a house or condominium right now.