Let’s not sugarcoat it.
Millennials and Gen Z aren’t stalling on homeownership because they’re lazy, entitled, or addicted to lattes. They’re stalling because the system is broken. The traditional path to the so-called American Dream—graduate, get a good job, buy a home, build wealth—is no longer a road… it’s a wall.
Recent data from Norada Real Estate lays it bare: only 56% of Millennials owned homes in 2024, compared to 61.5% of Baby Boomers at the same age. According to Redfin, the median age of a first-time homebuyer has jumped to 38, up from 29 in 1981. And The New York Post reports that young buyers are facing record-setting prices, tight inventory, and stiff competition.
This isn’t just a shift… it’s a signal.
But here’s the good news: we don’t have to wait for the old system to fix itself. We can build something better—together.
That’s what the New American Dream is about. It’s not just about owning four walls and a roof… it’s about belonging. It’s about co-creating smarter, more inclusive paths to ownership—ones that reflect the lives we’re actually living.
Models like co-housing and co-iving are gaining momentum. These models let people co-own while maintaining financial independence. Participants own their private suites, share common areas, and build equity individually while splitting expenses like down payments and maintenance.
Meanwhile, new technologies are stepping in. The Associated Press reports that 3D-printed and modular homes are being built in weeks instead of months—offering speed, efficiency, and affordability that traditional construction just can’t match.
Through reSpace®, we’re helping people turn what they already pay in rent—first, last, and deposit—into real ownership. We’re creating opportunities for co-homeownership that are financially feasible, legally sound, and community-rooted.
This isn’t just a workaround.
It’s a wake-up call.
A redefinition of what’s possible.
To every Millennial and Gen Zer who feels priced out, left behind, or locked out—you are not the problem. You’re the spark.And the future of housing?
It’s already under construction.
