What about all those dying "Greatest Generation" types, why aren't they buying houses instead of burning through SS and Medicare dollars?
And what's up with those selfish, obese Boomers expecting to retire? Why not another retirement cottage? Who do they think is going to pay taxes to keep the whole thing going?
What about those little post millennials demanding an education and causing school taxes to rise? Daring to be born and pushing housing prices beyond the reach of Millennials?
MSM Divide and conquer.
Damn them all.
Why buy a home when you may have to move for employment or cost of living reasons and you have to face paying 20K to sell your house over the matter of a couple of months.
My sister remarked the other day that our “millennials” must be outliers. Between us we have 4 “millennials” added to their spouses, we’re looking at 8 “millennials.”
They’re now between 26 and 30. They married early, own their own homes, 3 of the 4 couples have at least one child, and their jobs allow the moms to stop working when the kids arrived.
If there is one thing that might have equipped them to be in the situation they’re in, all were homeschooled, and got a head start on college by doing dual enrollment in high school. So they were ahead in their education by a couple years.
It is the DiC fault. Can’t buy a house when you can’t get anything other than a clerks job
How many of these millennials voted for Obama?
How is that hope and change working out for ya?
Looks like the Millenials have figured out the "property tax" game... :)
Most of them are already paying the equivalent of a mortgage, paying the government back for the privilege of being mind raped in college. Can’t blame them for living in mom’s basement.
The economic depression, joblessness, wage retardation, and government incompetence are responsible for the lowest home ownership rate in 50 years. If you don’t have a job, you can’t service a home loan. If you are working part time because Obamacare made your employer downgrade you from full time to part time employee and you lost 20% of your income, you probably can’t service a home loan.
It’s the DemocRAT government, stupid!
Housing deflation is not over yet. As much as they try to prop up the housing market, true price discovery continues unabated.