BEX ALERT - Blame the fall in homeownership on Generation X: Why did the homeownership rate fall so dramatically for those 35 to 44? | WHAT REALLY HAPPENED

BEX ALERT - Blame the fall in homeownership on Generation X: Why did the homeownership rate fall so dramatically for those 35 to 44?

We’ve all heard about the broke Millennials living at home with mom and dad unable to move out into a very expensive rental. For years, we’ve been told that somehow this young group of people would represent some pent up demand to buy homes. This demand never materialized. Instead, you have tight inventory in certain markets being fought over by investors and those willing to pay current prices while stretching their budgets. Yet volume remains incredibly pathetic. The homeownership rate has fallen dramatically and some point the blame to the Millennials. But as it turns out, the big drop has come from those 35 to 44. Generation X overall has been a massive drag on the housing market. The young are simply not buying homes like they once did and many are opting into the rental market. So how big of a drag is Generation X on the housing market?

Webmaster's Commentary: 

Another puff piece trying to find a scapegoat for the economic woes while avoiding a mention of the root cause of all of the problems, which are those private central banks issuing all of the public currency as a loan at interest, a system which by design produces more debt than money with which to pay that debt. But we dare not talk about that reality! So let's drop the blame on the kiddies!

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