Monday, January 20, 2014

Young Americans on homeownership strike? via REwired

They used to say never trust anyone over 30. Those words obviously rang true 20 years ago when the average 30-year-old typically managed to obtain a modicum of stability in their life in the form of a stable job and a mortgage.

But as ZeroHedge points out in this article, the old image of young adulthood is dying a slow death. And single-family home sale opportunities are going with it in some cases, although not for a lack of desire.

The Zero Hedge report describes America’s under-30 crowd as struggling with student debt, remaining unmarried and unemployed or underemployed. They also have a very strange relationship with housing — at times living at-home with relatives, partnering up with roommates or remaining renters for long periods of time.

Read more...Young Americans on homeownership strike? | REwired

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