The Wealth-Building Alternative to Real Estate for Millennials and Gen Z

Search CoinDesk
Bybit



In Hong Kong, for instance, parents who fully own their property are likely to be millionaires already, even if it’s just a tiny one-bedroom apartment. However, for younger generations, including millennials and Gen Z, the ultra-high property prices aren’t just a challenge — they’re a significant financial burden. Many of these owners are weighed down with long-term mortgages that have high interest rates, and are thus struggling to ascend the social ladder. In other words, rapid urbanization means that younger individuals are unlikely to build the same level of wealth through real estate as their once parents did.



Source link

Free Bitcoin

Be the first to comment

Leave a Reply

Your email address will not be published.


*