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Free rent and three squares a day. What a deal!

Logan Mohtashami says

Still the demand curve for years 2020-2024 will look much better than what we are seeing now

Based on what price? Going up 5%/yrs?

Heraclitusstudent says

Based on what price? Going up 5%/yrs?

More on demographic economics than anything else.

I am taking the worse case % of buyer profile make up yearly going into 2020-2024 and I still get more first time home buyers than this cycle.

The people who are buying homes now that are first time home buyers. We will simply have more of them comes years 2020-2024, college educated, dual income households having kids,

The X variable is going to be rates then because we have had a 2% lower rate curve is each new housing cycle for that to happen in the next cycle that's 1.25% -2.25% rates, this is going to be a very interesting factor in the next cycle and one that doesn't get talked about much.

I am not even putting that possibility off the table either with the trend of rates for the last 34 years

jvolstad says

Free rent and three squares a day. What a deal!

Hubba Hubba 1944. Let's go to the USO and hear some dreary, tuneless music https://www.youtube.com/embed/pXwmN7bbazo, meet some girls with expressionless faces:

http://www.shorpy.com/node/17899?size=_original#caption

Will the Millennials create demand by production or will their wages stay stagnant?

36.4% of young women lived at home with parents last year. That's the highest % since 1940

A lot renting demand for a few more years not only with demographics but we still have over 2 million loans in delinquency, hence why the demand curve for ownership in terms of it being very strong adjusting to population is still a few years away