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re: Any solutions to macro-economic trends?
Posted on 10/3/23 at 1:24 pm to NC_Tigah
Posted on 10/3/23 at 1:24 pm to NC_Tigah
quote:
Didn’t do many millennials any good?? You're kidding??? Homebuyers 10yrs ago have seen real home prices nearly double in the interim.
I think MADFACTS is arguing that exceptionally few millennials were in a position to be able to buy a house in 2010-2014, and thus they missed out entirely on that 10 year’s worth of gains. He’s not denying that housing prices went up in that time, just that millennials didn’t have a chance to buy in BEFORE housing prices went up. Instead, they got trapped between rapidly increasing rents and student loans.
This post was edited on 10/3/23 at 1:26 pm
1
Posted on 10/3/23 at 1:47 pm to kingbob
quote:I didn't pick it up as an isolated millennial argument. But at a >50yr opportunity, about 1/3 of millennials should have been in range then. Regardless, a low rate purchase was still available for 7-10 years afterwards.
I think MADFACTS is arguing that exceptionally few millennials were in a position to be able to buy a house in 2010-2014
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