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> Millennials are in their prime family-building and house-buying years. They have less earnings and savings than the previous generation as compared to the pr
by ghastmaster 4y ago
> Millennials are in their prime family-building and house-buying years.
They have less earnings and savings than the previous generation as compared to the price of homes at the same time in their lives. While government intervention in the USA has adjusted the requirements to get a loan approved, it will not be enough to keep up with rising interest rates. Prices have to come down for millennials to make purchases. This will cause a "house-price" slump.