'Disenfranchised' millennials feel 'locked out' of the housing market and it taints every part of economic life, top economist Mark Zandi says

Housing affordability is at 40-year lows and mortgage rates are near 40-years highs.

Moody’s chief economist Mark Zandi says millennials feel like they’re locked out of owning a home.

A failure to address the affordability crisis will mean young people, who “already feel disenfranchised,” will lose faith in the economy.

The typical homeowner’s net worth is 40 times higher than someone who rents.

Selling a home, especially if the value has gone up, can create a windfall for families that have much of their net worth tied up in their home.

Failing to own a home can have long-term effects for an individual's life-long financial standing.