Originally Posted by
gzsg
Politics and politicians don’t matter. Never have.
Business runs the world.
94 million millennials are entering their first prime spending years. That’s why housing is off the charts.
Remember the stick market in the 1990s? Up and up and up and up.
Its just math. Just demographics.
94 million millennials are inheriting $76 trillion. The largest wealth transfer in the history of the world.
Relax and enjoy the ride.
In 2023 we will enjoy $100,000 plus profit sharing checks. As oil collapses and our economy explodes.
I’d love to know where you come up with your facts and figures. Especially when it comes to millennials and home ownership. That generation (which I’m technically at the front of) is savvy. The things they are buying are not starter homes or mansions, but they’re buying the middle of the road stuff that they could live in forever if they have to. Most are financially stable, and a sizable down payment.
Source: I closed 7 mortgages last month. 5 were easy and younger people, two were late 40s/early 50s people that were leveraged to the hill. Also numerous articles on millennial spending, saving, and purchases.