Originally Posted by
All Bizniz
That's a very reasonable position to take, and I often times think the same way too.
However, taking the glass half full approach, I tell myself that there are multiple kids being born right now, into ordinary circumstances who will grow up, get into real estate, and do very well, just like many ordinary Americans have done for generations.
If that is true, then I also believe that people can get in, in our lifetime, and eventually do well.
It's never too late.
That might have been true in the past, but the advent of investment buyers in real estate is a game changer.
Suddenly, real estate values aren't permitted to retract. It pushes the bar higher and higher away from first time buyers.
If these trends continue, where most Americans cannot afford to be homeowners, we're looking at the biggest transfer of wealth in generations.