Veterans Struggle With Affordability And Home-ownership

Veterans that served in the Post 9/11 Era are hurting in today’s housing market. Compared to previous veteran generations, Post 9/11 veterans have astonishingly higher cost burdens. Across generations of veterans – from the Korean War to the Gulf War – cost burden rates are below 25%. However, nearly 35% of post 9/11 are cost-burdened. These young veterans are more likely than the average civilian to struggle with housing affordability Looking beyond the cost burden rate, home-ownership rates, unfortunately, show a similar trend. 21st century veterans are far less likely than previous generations to own their own home. Despite having broad access to zero-down mortgages with favorable rates through the VA loan program, less than 50% of post 9/11 veterans own a home. These trends are concerning, and the differences between generations could reflect unique challenges for younger veterans. Obviously, recent veterans who are younger are less likely to be homeowners due to the fact that younger households are less likely to be homeowners. However, this trend holds when controlling for demographics.Today I am joined by Louis Brown who is seeking to make a difference for our warriors and help them to get a piece of American Home Ownership. Check out this video https://www.youtube.com/watch?v=o0TRhn-6icU You will be glad that you did!