Why Buying a Home Seems Impossible for Gen Z

Nic Sumners, 20, lives outside Fredericksburg, Virginia, where he works as a cosmetic car repairman, repairing scratches and buffing vehicles. He makes about $24 an hour, more than three times the federal minimum wage, and often works overtime. And yet, Sumners can barely afford to stay afloat. A high school graduate raised by a single mother, Sumners lives in a mobile camper he purchased over the summer for $2,000.

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