By Luisa Maria Jacinta C. Jocson, Reporter
MICHAEL JOSEPH D. SERVER, a 28-year-old Filipino entrepreneur, has been renting a condominium unit in Quezon City near the Philippine capital for two years now and doesn’t plan to buy his own house soon.
“Owning a home is one of the biggest financial decisions you can make,” he told BusinessWorld. “Outside of saving for a downpayment, there are a number of factors I’d need to take into consideration before making a concrete decision.”
A study by PhilhealthCare, Inc. (PhilCare), a health maintenance organization, found that 39% of Generation Z (Gen Z) people — those born in the late 1990s to early 2000s — cited homeownership as one of their top worries.
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