I will. Some discussion on the subject. The Zelman lead analyst (the guys is extremely well researched) showed a slide that of 25-29 year olds living at home, more of them (23%) were WITHOUT student debt than those who had student debt (17%). 30-34 year olds with was 14% and without was 13% so no difference. for all of 25-34 year olds living at home 16% had student debt while 18% did not have student debt. Conclusion - no correlation to household formation.
http://www.freerepublic.com/focus/f-news/3207135/posts
Have you seen the above? What else did the Zelman analyst say? I’m on pins and needles. ;-]
There’s also going to be some legislative issues affecting RE:
GSE Reform – Fannie Mae / Freddie Mac were place in conservatorship as a result of single family subprime lending. During this time multifamily delinquencies were less than 1% but many in congress don’t understand that multifamily lending contributed little to the problems that caused the recession. Guidelines for taking Fannie and Freddie out of conservatorship without punishing multifamily are crucial.
Repeal of 1031 Tax Deferred Exchanges – Current proposals would eliminate IRS Section 1031 from the tax code and a majority of the citizens in our country simply view this tax code as a benefit to the wealthy without understanding the positive implications for our entire economy. NMHC is working to educate lawmakers on the value of redeploying capital and the number of jobs that would be affected.
Streamlining Government Financing – HUD and LIHTC financing is instrumental to the creation of additional rental units in our industry but the process is expensive and lengthy. Meeting with the new Secretary of HUD, Julian Castro, we received commitment to reduce the amount of time it will take to complete these processes.
Carried Interest – Carried Interest is currently taxed as capital gains and has been a fundamental part of real estate investment partnerships for decades. Some political forces would like to tax carried interest at ordinary income rates which could discourage real estate investment given that 41 percent of all investment partnerships are real estate related.
I suspect inertia. It’s just easier that way.