by Mish Shedlock, The Maven:
Key Findings
Top Ingredients of the American Dream
Key Findings
Point two is bound to change as Millennials get closer to retirement.
Points 1 and 4 are secular changes making the Fed’s attempt to inflate much more difficult.
Point 3 is peculiar and likely subject to interpretation error.
The ability of Baby Boomers to have kids at this point is very restricted. The same applies to the question about getting married.
Motivators to Buy a Home (Non-Homeowners)
Only 8% of millennials have no interest in buying a home compared to 46% or boomers.
This is despite the fact that 56% of Millennials vs 68% of Baby Boomers prioritize home ownership.
Home Ownership Plans
Key Findings
If they are forced to sell for any reason and have a loss they have a bad tax consequence.
Regrets
Reason for Regrets
A whopping 68% of millennials who bought a home now have regrets. Only 35% of Baby Boomers have regrets.
The latter statistic is likely skewed to the downside.
Why?
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