Americans are sacrificing a lot just to be able to afford a roof over their head.
“We’re shining a light on [these homeowners and renters] because they speak to the lengths people go to make their housing payments,” according to Redfin.
Even though having pets became somewhat of the new craze for Gen Z and millennials who knew they couldn’t afford to have human children, that’s seemingly become too expensive on top of housing costs. Some people even report staying in a marriage or relationship longer than they wanted because they couldn’t afford housing plus a divorce or to live on their own.
The following are sacrifices Americans have made in order to afford housing, according to the Redfin report:
“We’re seeing a reshaping of the housing ladder,” Alexandra Gupta, a real estate broker with The Corcoran Group, previously told Fortune. The firm was founded by Shark Tank star, investor, and real estate legend Barbara Corcoran.
“Some first-time buyers are turning to long-term renting or even co-living models because the idea of owning a home has become so out of reach,” Gupta added, while others are relying on family support.
To combat that challenge, many younger buyers are considering buying (or continuing to rent) with friends or family.
