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Why Gen Z and millennials are choosing rent over ownership

Higher-income households are among those passing on buying, since renting offers more flexibility and choice; meanwhile billionaires pay heavily to avoid a tax, so nobody is buying anything.

On air: Vera Bullock and Dale Bearman on BBN Newsroom
Published 3:50 PM ET, Friday, October 16, 2026

At a glance

First reported by New York Post: “Why Gen Z and millennials are choosing rent over ownership at shockingly high rate”.
Covered on BBN on Friday, October 16, 2026, at 3:50 PM ET on BBN Newsroom, by Vera Bullock and Dale Bearman.
Topics: Gen Z.
BBN covered this story before: Why some Gen Z voters who backed Trump now regret their decision (October 16).

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

New York PostWhy Gen Z and millennials are choosing rent over ownership at shockingly high rate

What BBN said about it

Vera Bullock · Co-AnchorThe New York Post says more of America's highest-income households are skipping homeownership and renting instead, because renting gives them flexibility, mobility and choice.
Dale Bearman · Chief Skeptic & ContributorSo people who could buy a house are choosing a landlord. Voluntarily. That's like winning the lottery and asking for a coupon.
Vera Bullock · Co-AnchorIt's freedom! No leaky roof, no broken water heater, no Saturday at the hardware store crying over a gutter.
Vera Bullock · Co-AnchorWell, that's more time for hobbies, travel, whatever makes you happy.
Dale Bearman · Chief Skeptic & ContributorThe rent is still due on the first, and the hardware store never raised it on you.
Vera Bullock · Co-AnchorOuch.