The Next Generation of Homebuyers
Just read a good article pointing out the poor prospects of the next generation buying homes.
Today's youth is coming to the workforce with massive debt from student loans and poor job prospects. The job prospects they face make it tough to make ends meet without having to pay off massive debt, let alone save for a down payment.
Not in the article is also consider that taxes will likely be higher for this generation as all levels of government are grossly in debt and many of the services and support systems we take for granted have not been paid for, but simply deferred through borrowing.