Millennials in China are living the American Dream of homeownership. A new survey shows that Chinese Millennials are almost twice as likely to own their own homes as young U.S. adults, but the reason behind this real estate trend is “not” what you might expect.
An HSBC survey shows that China has the highest rate of Millennial homeownership in the world -- at 70%. There is no other country with a Millennial homeownership rate above 46%, and that 46% is in Mexico. In the United States, just 35% of Millennials own homes.
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