Younger generations are more inclined than their older counterparts to live in more affordable locations, even if it means taking a lower salary, according to survey data released this month by Coldwell Banker Real Estate, a Realogy company.
While homeownership is important to many Americans, they are no longer confined to their previously held beliefs about where home can or has to be. Thanks to the Great Resignation—the movement of people leaving the workforce during the pandemic—many Americans don't feel tethered to just one place anymore.
In fact, 41% of employed Americans would be willing to take a pay cut or accept a new job with a lower salary in order to move to a more affordable location, according to the survey.
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