RE: The End of Ownership: Why Aren’t Young People Buying More Houses?
1) Because Youth Unemployment is the highest its been in decades.
2) Many young college grads are struggling to pay their college debt.
3) Government is ARTIFICIALLY HOLDING UP home prices, thus, distorting market prices, preventing them from reaching their natural market level.
that looks like 3 pretty good reasons
4) The X-box works better in the basement where it is darker and the bigscreen seems brighter.
(5) Why bother buying a house when you have to get rid of it in the divorce 3 years after getting married?
Also, transient pre-adulthood now increasingly includes grad school after a few years and no settling down into marriage until around age 30 for most professionally tracked young professionals.
I have said this before on FR but I will say it again. When I was 23 years old and had only been out of the Navy for two years people thought something was wrong with me because I did not already have a wife and at least one child! Some may have thought I might be homosexual because it “just didn’t look right” for a man to be 23 and not have a family! Think about that, most people now would tell a fellow that age that he would be crazy to consider marriage at such a young age under any circumstances. In fact most who are that young are still expecting someone else to support them these days.