Yup. As long as this crowd can keep making their mortgage payments they will never really be motivated to sell and move into a larger home. This will keep inven

Yup. As long as this crowd can keep making their mortgage payments they will never really be motivated to sell and move into a larger home. This will keep inventory low on what used to be called "starter" homes for likely the rest of this (millennial) generation in most US metro areas. If you could not buy into an expensive market then, you likely never will barring some huge windfall like doubling your salary or inheritance. Guessing most of Gen Y will be renting condo's or living with their parents until the homes are passed on to them. A dumpy 3/2 1400-1600 sq ft. in the south bay area is like $8000+/mo with taxes and $360,000 down payment. Good luck.