The kids are not looking for more debt 40 percent have delayed making a major
invite response
2012 Aug 2, 2:06am 1,042 views 2 comments
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40% delayed major purchases, that leaves 60% to save the economy.
Housing's about to skyrocket. LOL
Tenpoundbass
2012 Aug 2, 4:01am
I think that's called being Young. I think this is proof that the young kids are wising up. They realize that housing is a in for it for the long haul endeavor, and not a magical free money ATM cash cow. You buy a house to live in, as a gesture to dropping anchor and setting your roots.
Young people just aren't ready for that commitment. But that hardly means that they need a misquoted narrative of their actions as proof, they "NEVER" want to own a house.
It's always been your average home buyer was over 30, why should it be any different now, just because of lose terms?
http://www.doctorhousingbubble.com/college-debt-and-young-buyers-no-more-debt-home-buying-college-debt-impact-generation-shift-home-buying/
#housing