October 6, 2019

People Are Moving to Smaller Cities in Search of Affordable Houses That Don't Exist

For those that couldn't quite afford the down payment in the big city of their choice, there used to be a fool-proof solution: rent until you can save for that elusive 20% down payment.


However, the cost of living is exceeding the growth of wages and coupled with millennials' massive debt, the hurdles are immense.
As Unison's VP of Partner Channel, Ayesha Dillon states that home co-investing is more timely and relevant than ever."Over the last years, we've homed in on segments of the population, but we found that millennial buyers are coming out with student debt and have a harder time with the down payment, so they are a natural fit," Dillon said. Read the full Vice article here.