Millennials priced out of homeownership are feeling the pressure

Over the last couple of months, Dylan Rose has taken some exciting news steps.

Rose recently got married. He moved to Beacon, New York, outside of New York City, for his wife’s job. They make a combined income of $200,000.

But when it came to his dream of buying their first house, the 29-year-old told ABC News’ “Start Here” came to a sudden realization: they were priced out.

In fact, mortgage payments on a home would be nearly $4,000 a month, roughly $1,000 more than what Rose and his wife would pay for rent.

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RandyMarsh

Article URL : https://abcnews.go.com/US/millennials-priced-homeownership-feeling-pressure/story?id=105032436