{"id":140894,"date":"2024-01-03T17:00:18","date_gmt":"2024-01-03T10:00:18","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/with-inheritance-about-to-divide-millennials-into-haves-and-have-nots-solidarity-comes-at-a-price-elle-hunt\/"},"modified":"2024-01-03T17:19:46","modified_gmt":"2024-01-03T10:19:46","slug":"with-inheritance-about-to-divide-millennials-into-haves-and-have-nots-solidarity-comes-at-a-price-elle-hunt","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/with-inheritance-about-to-divide-millennials-into-haves-and-have-nots-solidarity-comes-at-a-price-elle-hunt\/","title":{"rendered":"With inheritance about to divide millennials into haves and have-nots, solidarity comes at a price | Elle Hunt"},"content":{"rendered":"


\nA wealth transfer is under way, driven by legacies and parents \u2018giving while living\u2019. Will young recipients still care about the less fortunate?The millennial generation, we\u2019ve long been told, is also generation rent: prevented from buying a home of their own, and growing their wealth with it, by an unfavourable economy or too much avocado toast, depending on who you ask.The stats are by now familiar, but dismal nonetheless. The rate of home ownership has plummeted due to coalescing crises of pricing and supply. In 2017, 35% of 25- to 34-year-olds were homeowners, compared with 55% in 1997; the issue has only worsened in the half-decade since. In 2022, just 10% of homeowners in England were aged under 35. Continue reading…
\n
\nSource : theguardian.com
\nRead more…With inheritance about to divide millennials into haves and have-nots, solidarity comes at a price | Elle Hunt<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A wealth transfer is under way, driven by legacies and parents \u2018giving while living\u2019. Will...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-140894","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-AEu","jetpack-related-posts":[{"id":172044,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/postwar-homeowners-should-acknowledge-their-good-fortune-letters\/","url_meta":{"origin":140894,"position":0},"title":"Postwar homeowners should acknowledge their good fortune | Letters","date":"June 22, 2026","format":false,"excerpt":"\r Michael Pyke says those sitting on piles of unearned wealth should be willing to help out a less fortunate generation Your correspondent asserts that the increase in the value of his house since he bought it \u201cjust about covers all associated costs over that time\u201d (Letters, 15 June). If\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":46357,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-homeowners-cashing-in-on-their-new-housing-wealth\/","url_meta":{"origin":140894,"position":1},"title":"More homeowners cashing in on their new housing wealth","date":"March 3, 2017","format":false,"excerpt":"\r The volume of home equity lines of credit is now up 21 percent in the past two years, according to Fitch Ratings.\r \r Source : cnbc.com\r Read more...More homeowners cashing in on their new housing wealth","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92334,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/2-in-5-millennials-plan-to-own-multiple-homes-survey\/","url_meta":{"origin":140894,"position":2},"title":"2 in 5 millennials plan to own multiple homes: survey","date":"June 25, 2018","format":false,"excerpt":"\r According to a recent HSBC survey, 54 percent of respondents aged between 21 and 36 years old are residential property owners. Of this, 24 percent already have multiple homes. Bucking the stereotypes of millennials being paycheck spenders and short-term planners, an HSBC study has found that two in five\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172662,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homeowners-are-sitting-on-record-equity-and-not-using-it\/","url_meta":{"origin":140894,"position":3},"title":"Homeowners are sitting on record equity \u2013 and not using it","date":"September 29, 2026","format":false,"excerpt":"\r U.S. homeowners have more housing wealth than ever before, thanks to fast-rising home prices over the last several years. But they aren't spending much of it.\u00a0\r \r Source : cnbc.com\r Read more...Homeowners are sitting on record equity \u2013 and not using it","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":82813,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homeowners-gained-an-average-of-15000-in-home-equity-last-year-or-908-billion-in-total\/","url_meta":{"origin":140894,"position":4},"title":"Homeowners gained an average of $15,000 in home equity last year \u2013 or $908 billion in total","date":"March 15, 2018","format":false,"excerpt":"\r Rising home values have given homeowners more wealth in the form of home equity.\r \r Source : cnbc.com\r Read more...Homeowners gained an average of ,000 in home equity last year \u2013 or 8 billion in total","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11052,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/older-homeowners-unlocked-393m-from-properties-in-early-2016\/","url_meta":{"origin":140894,"position":5},"title":"Older homeowners unlocked \u00a3393m from properties in early 2016","date":"April 21, 2016","format":false,"excerpt":"\r Equity Release Council reports biggest quarter for lending in its 25-year history on the back of drawdown mortgagesOlder homeowners unlocked a record amount of value from their properties in the first three months of 2016, cashing in to the tune of \u00a3393m.The figures show housing wealth is \u201ccentre stage\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/140894"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=140894"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/140894\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=140894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=140894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=140894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}