The decline in young home owners is a puzzling trend. Interest rates have steadily declined over the last 30 years. Mortgage lending has loosened. Women have ascended in the workplace and supplemented their spouse’s earnings. How in the face of all of these positive developments did home ownership among the young keep falling?
The world is going to be an interesting and potentially painful place for the next few decades, as older generations learn that their assumptions about how the world works don’t hold true for younger generations.
“What do you mean you don’t want to own a house? Everyone wants to own a house!”