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^^^^this. Strat cites millenials buying in the next decade.
There's a reason DTLA is experiencing the only growth in new housing in the Los Angeles area. There's a paradigm shift and it's not towards families and kids.
There's a paradigm shift and it's not towards families and kids.
Birth rate climbs for the first time since the recession
Key always is college educated dual income household having kids, more 2020-2024 ....
What happens when we hit another recession?
A recession most likely will happen in the next 2-4 years.. but since we didn't have a real boom the down turn will be much less dramatic
But thinking in bigger terms.. age group 23, 24 25 are the biggest in America, laws of bigger numbers coming in play years 2020-2024... even if college educated graduation rates stay the same, you will just have more supply of young Americans in this group.
We had a good run om demographics from 1996-2007 these few years just wasn't as strong
The X factor going out is how much $$$$ are kids going to spend on their parents housing cost going forward the next 40 years.
That's something that data can't get a grasp on and what I am trying to get a handle on now
When unemployment is on a down trend
I hate to tell you, just because the "official" (artificial) published UE rate is down, doesn't mean everyone is working or has quality jobs. And those who are considered to be employed (even when they only work an hour or two a week) aren't going to ramp up home sales...
Cut back on the kool-aid....
It's not kool-aid. It's fine wine.
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http://loganmohtashami.com/2015/06/17/yellen-still-needs-a-course-in-residential-lending/