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Millennials Not Buying It

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It may come as no surprise that a large hunk of the Philly millennial population "can neither afford houses nor want to buy them." In a trend that's the consternation of real estate professionals city-wide, many people under 40 still prefer to rent, rather than own a home. "They're scared," said Halley Yankanich, 24, a senior account executive for a Center City pharmaceuticals ad agency. "The job market isn't all that steady, and they can't afford a down payment anyway." [Philly.com]