Millennials BOYCOTT the 2021 Housing Market. ON STRIKE until Home Prices Crash.

Selling Real Estate
Millennials are ON STRIKE from the 2022 US Housing Market. Until Home Prices Crash, Millennials will BOYCOTT the Real Estate Market and continue to rent.

Perhaps the biggest MYTH (dare I say LIE) in the current US Housing Market is that this generation of Millennials are interested in, or able to, purchase homes. Realtors, real estate investors, and mainstream financial press outlets like the Wall Street Journal all have a hand in spreading this myth.

But looking at hard data from the US Census Bureau reveals a very different reality. One where real estate demand from young adults in America is dwindling. And where Millennials simply don’t have the finances to be able to afford buying a house.

Consider this: the number of 25-44 Year Old Households in America in 1990 was 42 Million. Today that figure is 43 Million. Basically ZERO GROWTH in real estate demand is coming from young adults. Meanwhile, Seniors and Baby Boomers are occupying an increasing share of the Housing Market.

At the same time, and perhaps relatedly, Millennials / Young Adults are saving roughly the same amount today that they were in the late 1980s ($3-5k for the typical Millennial), While savings has stagnated, the down payment required to by a home has tripled, from $5k in 1989 to over $15k in 2021.

The third indicator of declining Millennial Housing Demand is the tremendous decline in the number of marriages and births in America. Way fewer households today are married with children. That’s a big problem for the US Real Estate Market, because it’s ultimately family formation and children that provide the biggest incentive for a young couple to become a first time home buyer.

The combination of 1) Lower Millennial Housing Demand, 2) Deteriorating Millennial Finances Relative to Down Payments, and 3) Declining Marriage and Birth Rates suggests that rathe than supporting the Housing Market, Millennials are BOYCOTTING it.

WSJ Article: https://www.wsj.com/articles/millennials-are-supercharging-the-housing-market-11639496815
Investor Demand Video: https://youtu.be/ETFRNyfLRXQ


CHANNEL MEMBER: https://www.youtube.com/channel/UCVTQunGrE3p7Oq8Owao5y_Q/join
INSTAGRAM: https://www.instagram.com/reventure_consulting/
TWITTER: https://twitter.com/nickgerli1
CONACT US: https://reventureconsulting.com/contacts/

DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.

0:00 Millennials are ON STRIKE from Housing Market
1:34 Dispelling the MYTH: Millennial Demand is Strong
2:46 Point #1: Declining Real Estate Demand
4:03 Stagnating 25-44 Year Old Households
5:12 Seniors and Baby Boomers are the REAL GROWTH
5:55 Point #2: Millennial Finances Are Priced Out
7:38 The Real Estate Mainstream IGNORES THIS
8:57 Point #3: Marriages and Births are Way Down
10:14 BIG PROBLEM for the US Housing Market
11:39 My Personal Anecdote!
12:14 Who is Supporting the US Housing Market?
13:21 Seniors & Investors: Not Sustainable Demand
14:14 Please Hit the Like Button!

#OnStrike #Millennials #HousingCrash

Products You May Like

Articles You May Like

Inflation is down — but the middle class is still feeling financial pressure. Here’s why
Amazon may be primed to add space near its NYC headquarters as more workers return to office
Buying a home is ‘a way to increase your net worth over time,’ top-ranked advisor says
Calif. city of billionaires is going broke — why town’s housing market is on the edge
Jim Cramer says buy Stanley Black & Decker’s post-earnings plunge ‘aggressively’

Leave a Reply

Your email address will not be published. Required fields are marked *