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a talking head finally laid it bare

Scorpio

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#1
she was on the tube as a guest,

and she laid it right out there re boomers, as they were on the retirement and housing subject,
and how the millenials are preferring to rent rather than settle down and buy

she stated, listen, this is a consumption economy

these millenials need to figure out how this works and procreate,
then they will have a need for the housing the boomers are trying to sell,
houses need stuff, lots of stuff,

they would be helping themselves and the economy by doing so,

in addition she stated, then they wouldn't be competing with the boomers for the smaller housing units,



========
Finally, someone stated what we here have known and discussed for the longest time

That without inflation greater than previous, then boom, down she comes
 

Goldhedge

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#3
Don't the millennials have to get off mom's couch and get a job to buy a house?
 

Silver

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#4
What jobs are these Millennials supposed to buy these houses with? Something like 40% of people under 30 live with their parents.
 

glockngold

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#6
That without inflation greater than previous, then boom, down she comes
I've often thought that one of the reasons that the border stays open is population inflation is a way to keep the can kicked down the road.
 

BackwardsEngineeer

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#7
There is not a US real estate market that we've investigated that can cost justify current price levels.... certainly not the one I am in for sure. Checked out Fort Pierce, FL on Nickels suggestion, nope .... There must be someplace to park $'s other than overpriced, over taxed housing, this is after all Au/Ag is money right?

Boomers have broken every business model they have touched, why should RE and retirement be any different?
 

Joe King

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#8
I've often thought that one of the reasons that the border stays open is population inflation is a way to keep the can kicked down the road.
well of course. If you won't have enough babies to fuel the system, the immigrants certainly will.

Gotta keep the ponzi schemes going, at any cost.