Americans Doing These Things to Achieve Affordable Housing

A new survey revealed what Americans are willing to do just to get affordable housing in the U.S. Bankrate, a New York City-based financial service provider, revealed that moving out of a U.S. state is one of them.

Americans Will Do These Things Just to Achieve Affordable Housing

Getting your own house today is not an easy task because of the ongoing inflation. Borrowing costs are high, housing prices are also spiking, and inventory is low.

Despite all these challenges, Bankrate said that young Americans- especially Gen Zs and millennials-are up to the challenge.

The financial firm's survey said that these youngsters are willing to do anything just to get affordable houses.

Here are the exact things that millennials and Gen Z will do just to have their own affordable housing:

29% of them are willing to move out of the state and buy a fixer-upper.
27% of them are willing to downsize living spaces and take on roommates.
26% of them are willing to move away from friends and families.
24% of them are willing to buy a house, even if it is located in a less desirable area.
19% of them are willing to move farther away from work.

US States With Cheap Housing

To help younger Americans, Bankrate provided some tips on how they can increase their chances of getting an affordable house:

Always stick to your budget. Make places before buying a house.
Before buying a house, know the reasons why you want to become a homeowner.
If you want to relocate because of your job, try asking your company if you can work remotely.
Before moving to another place, research the expenses linked to your relocation.

If you are really willing to move to another state, US News provided the best states with affordable housing: