Millennials and Gen Zers are clamoring to break into the housing market. But this real estate expert says 'not everyone should be an owner'

Millennials and Gen Z are clamoring to break into the housing market—a feat seemingly impossible in an inflationary period with high home prices and mortgage rates. But one real-estate veteran says owning a home might not be all it’s cracked up to be right now.

“If your whole thinking is like, ‘oh, I should buy a home because I’m at that age, and I should buy a home,’ I don’t think that’s a good reason to own a home,” Amir Korangy , founder, chairman, and publisher of real estate news site The Real Deal , told Fortune. Korangy is also an associate professor at Columbia University’s School of Architecture and a senior fellow and adjunct professor at NYU’s Schack Institute of Real Estate .

Research this year from mortgage tech firm ServiceLink shows Gen Z and millennials h