What do you think is causing the housing slump?

A slowdown in foreign capital flow into US real estate, and a topping out of demand for higher priced homes. There’s a price point that people can’t pay, no matter how much they want to.

Affordability. Boomers arent retiring and millenials are making less because of it.

Oh and the good land was bought up 5-10 years ago in booming areas

I really do not even know where to begin with this post. Surely you are not this dense?

Maybe this generation entered one of the worst workforce’s ever presented to an entire generation? Then add on eight years of awful stagnant economic recovery from the second worst financial crisis in our country’s history. Then let’s talk about skyrocketing cost of living and housing prices once recovered rising to astronomical prices. Places that used to be very affordable are no longer, like Nola.

What an ignorant post. Maybe this generation is more “ITALIAN” in nature? I am “Italian” by ancestry, I’m 32 years old and I don’t live with my mother, have started and sold a business and have been pretty damn successful in my career despite the ten plus years coming out of college with zero economic growth behind my peers. I don’t think anyone’s parent instilled upon them to move back home and become a failure.

Some of you people really need to step outside your bubble. Get fricking real a-hole. It has been a lot harder for my generation to get a solid foundation economically than any other. The first time in this country’s history your kids won’t live as prosperous or more than you. Now who’s fault is that?

Sweet melt

Thanks guys, some good points I did not consider, makes sense.

Well, the culture in my house is graduate highschool, then get a worthwhile college education or learn a good trade, and you can live at home to save money while doing so. Otherwise, after highschool, get a job and GTFO. No bums or freeloading allowed. Go succeed in the world and do not give up.

And don't worry about buying a house until you can afford to do so. I bought my first house just before I turned 30.

There isn't a slow down in FL, actually complete opposite. There's an internal shift in wealth in the US right now. Many people are saying screw higher priced areas and emigrating to cheaper cities (mostly in the south).

Those who aren't moving out of those higher places, are finding themselves displaced bc of people immigrating to those more expensive places (and can actually afford to live there).

ALso, this generation is more of amenities than building wealth. Just see how they compete in who can be the more bougie. Also theyre willing to pay higher prices for rent than invest in a property and built wealth.

Ok

It’s ok if you’re a soft underachieving pussy.
It really is.

It really depends on where you are. California is still building but Southern Cali has slowed down due to price (high demand, low supply), higher and higher taxes, environmental restrictions on buildings that increase costs and high crime.

Here in BR though, new units have continued unabated for at least the past decade (part of that was Katrina but we're well outside of that timeframe now) and do not look to slow down anytime soon. Hell we're even seeing gentrification in the southern area of downtown.