“We won’t be going up Machu Picchu. We won’t be doing those things. So we’ve gotta do it now because what else is there?”
Although the Rylands have drawn criticism for their attitude, one of their sons has defended their choice.
On Insight, he said: “It’s their money. They’ve worked hard their entire life and invested well in order to get that money, so I think they should be able to do whatever they like with it.”
For a large majority of millennials, born between 1982 and 1994, money has particularly become an issue regarding buying a house.
This generation faces significant challenges in homeownership due to higher debt levels, lower net worth compared to previous generations, and limited housing supply, as reported by Business Insider.
It’s estimated that the average age of a first-time homebuyer is now 36.