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Thursday, May 01, 2014

Too broke to leave home even at 35 years of age: Over 30 percent of young adults under the age of 35 living at home. Home ownership rate of young adults continues to plummet.

Too broke to leave home even at 35 years of age: Over 30 percent of young adults under the age of 35 living at home. Home ownership rate of young adults continues to plummet.

the new jobs being added for the most part come in the low-wage category. These younger households have no way of competing with Wall Street money for properties. Many are too broke to even rent. So what we see is rents and home prices going up only because inventory is controlled by banks''

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