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What if Millennials and boomerang house buyers never materialize?
invite response
2014 Aug 27, 11:51pm 1,247 views 2 comments
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1
Tenpoundbass
2014 Aug 28, 2:03am
Tenpoundbass
2014 Aug 28, 2:03am
The waters are still infested, aint nobody going back in, until they clear the sharks, and gillimonsters.
2
dublin hillz
2014 Aug 29, 9:35am
They ain't buying shit, what they are doing is singing the following song towards their boomer parents:
"go to sleep bitch
die motherfucker die
go to sleep bitch
why are you still alive?"
http://ochousingnews.com/blog/millennials-boomerang-home-buyers-never-materialize/
Housing bulls continue incorrectly predicting the return of Millennials and boomerang buyers. It’s time to consider what happens if they never come back.
As home ownership rates plummeted with waves of foreclosures in the aftermath of the housing bubble, real estate pundits pinned hopes for a real estate recovery on the return of so-called boomerang buyers, people who lost homes to short sale and foreclosure who return to home ownership.
It’s a compelling fantasy. It envisions hard-working Americans diligently saving for a down payment and paying their bills to improve their credit score as they eagerly await their opportunity to buy a home again. Reality is less supportive of the bullish fantasy.
In the largest study ever conducted on boomerang buyers, the federal reserve concluded that less than 10% of borrowers who lose homes to short sale or foreclosure return to home ownership.
Source: http://ochousingnews.com/blog/millennials-boomerang-home-buyers-never-materialize/#ixzz3Bh7yrlzb
#housing