Although baby boomers make up most of the population that owns luxury homes in the United States, it has become increasingly popular for younger generations to invest in luxury real estate as an alternative to investing in the stock market. This movement has been influenced by a combination of factors including low interest rates, lower real estate prices, tax write-offs, and the state of the stock market when the younger generation entered the workforce. Young people have begun to skip the purchase of a starter home entirely, instead opting to buy high-end real estate immediately and often in the most expensive neighborhoods available. Even while homeowner rates have decreased rapidly for the middle-aged in the past year, it has risen for the 25- to 34-year-old population.
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