ABSTRACT:- This paper will discuss about Generation Y preferences in purchasing their first house and how it affects their affordability using price to income ratio. The approach being used is by analysing twenty-three papers related to preferences and housing affordability, making synthesis from collected papers, and generating critical view from papers that have been read. From this paper researcher find that Gen Y preferences mainly focuses on three aspects such as product specifications, future considerations, and dwellers characteristics. It is also shown that supplemental factors such as taxes and mortgage payments also included in Gen Y preferences and further affects price and affordability. All of these papers will be analysed to find the most proper objectives, deeper understandings, methodologies, and conclusion.

Keywords:- Gen Y, Housing Preferences, Affordability, Price to Income Ratio