Millennials Are Not Buying Homes Like Boomers Did

By Harry Dent Andrea Riquier, my favorite commentator on the housing market, grabbed my attention again with her 2018 MarketWatch article entitled “Missing Millennial Homeownership Endangers the American Dream.” You can follow her on Twitter @ARiquier. She pointed to a report from the Urban Institute’s …

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MILLENNIALS RISING

Millennials up 420% in congress, while Silents and Boomers step aside. https://www.businessinsider.com/changes-in-gender-racial-diversity-between-the-115th-and-116th-house-2018-12   h/t Jim

How Millennials Impact the Housing Market

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Millennials are settling in urban centers. In many ZIP codes, they’re already the majority. And they spend their money on rent. It’s tough being a millennial. Millennials are accused of killing entire industries: casual dining chains …

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Why aren’t millennials buying houses?

via @ByRosenberg: % of income spent on rent (vs historical average) LA 47% (36%) Miami 42% (29%) San Francisco 39% (31%) NY 38% (26%) Boston 33% (26%) Denver 32% (24%) Seattle 31% (24%) Portland 30% (24%) US avg 28.4% (25.8%) https://www.zillow.com/research/q2-2018-affordability-21286/