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