The hubbub about Millennials and home-buying keeps coming. When you see the big boys getting involved, you can’t help but think that another generation should hold on to their wallet:
http://www.goldmansachs.com/our-thinking/outlook/millennials/index.html?cid=tw-or-mil-3
Propaganda about millennials will probably help shape the outcome. My question: are millennials ready, willing, and able to live where they can afford?
IMO the reality is they are just Americans.
I remember lots of hype saying the Boomers were going to be the first generation to live with less than their parents (you heard this quite often i the 70’s and early 80’s).
IMO they will not be much different than their parents at the end of the day.
Just remember, it was the boomers who created most of that rapid change they lived through (well as far as the Tech they are using anyway), so the boomers worked and LIVED it.
They and others may stay out because they are living the real unemployment figures which are very different than the govt figures.
http://wallstreetonparade.com/2015/02/gallup-ceo-fears-he-might-suddenly-disappear-for-questioning-u-s-jobs-data/
In the mean time construction and trades are having a very difficult time finding young workers will to commit to a apprenticeship program for good paying Jobs.
(seems Millennials are not interested in trades work)
http://hotair.com/archives/2011/11/28/when-good-paying-jobs-go-unfilled/
To be fair IMO the Millennials got off to a slow start by being side swiped by the Great recession as well as there being a big push to put as many people through college as possible (whether they could really benefit from it or not),
There are a lot of useless (and very costly) majors being pushed out there to people who cannot afford them.
That Anthropology degree might have been real interesting but unless you’re about to inherit a good sided fortune it may be a little hard making a living out of it.