The American Dream is not within the grasp of many young people.
And I don’t think we’re bouncing back from this one. Yes, interest rates were higher in 1981, but Reagan came in and it was Morning In America again in the 80s. I don’t see that happening easily now in the 21st century.
And it’s not just young, first time home-buyers. Those folks may be the canary in the coal mine — but I think we are all still on track for a future where “you will own nothing, and you will be happy”. That one is going to come for us all eventually.
(I don’t think we’re bouncing back from this one)
I don’t think so either
Sure, all that was before the r’s and d’s sold out on trade, Mexico, china, debt, illegal immigration, etc.
It was once the norm the present sacrifices for the future. Now, the present takes from the future. RIP gen x, y, z etc.