Boomers and Millennials Clash Over Housing Costs as Mortgage Rates Rise
• Generational war erupting between baby boomer parents and millennials as interest rate hikes make mortgages unaffordable • Younger borrowers increasingly turning to "Bank of Mum and Dad" for help buying a home • Parents loaning money but now taking legal action when kids can't repay due to rising rates • High home prices and rates mean first-time buyers dependent on family help and wealth • Housing affordability gap much wider now than when baby boomers were first-time buyers