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Millenials Cause Homeownership Rate to Drop to Lowest Level Since 1965 -Diana Olick, CNBC, July 29, 2016

Millenials Cause Homeownership Rate to Drop to Lowest Level Since 1965 -Diana Olick, CNBC, July 29, 2016

Ms.Olick “blames” millenials for causing low home ownership rates but the primary causes are low interest rates that inflate assets such as houses, foreign and immigrant buyers and high student debt loans – all of which place home buying out of reach for most millenials. She rightly acknowledges millenials are also delaying marriage and parenting which will add to the West’s fertility crisis.

 

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