SF Home Prices Fall, Yet Millennials Pray for a Crash As Their Only Way to Buy

That’s because, in our lifetimes, we’ve had precious few opportunities to believe otherwise. Even when SF’s skyrocketing home market dips back down toward Earth, it never seems to come within our reach. <a href="https://sf.curbed.com/2020/4/2/21193804/sf-millennial-homeowners-apartmentlist-warnock" rel="noopener ugc nofollow" target="_blank">Just before the pandemic hit</a>, economists at the SF-based Apartment List estimated that while 45 percent of millennials nationwide owned a home, in SF it was just 25 percent. For SF Gen Xers, it was 55 percent, and for baby boomers, 80 percent. Two years later, SF millennial homeownership had ticked up to 33 percent, but the national rate had risen as well, to 52 percent. The city’s overall homeownership rate usually ranges from 30 to 40 percent. (The boomer generation was born between 1946 and 1964, Gen X between 1965 and 1980, and millennials 1981 and 1996.) <a href="https://thefrisc.com/sf-home-prices-fall-yet-millennials-pray-for-a-crash-as-their-only-way-to-buy-db3c3fddf020">Website</a>