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Lack of millennial home ownership results in rejected business loans Looking at the results, San Francisco came in dead last – millennial renters there need ~28 years to save enough for a 20% down payment on a home! 68% of renters in the Bay Area plan on settling down there, but unless they strike it rich with an IPO, a home may be out of reach. Even with a 5% down payment, millennials in San Francisco will.
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