Living at home because of weak employment prospects

[eridani]

http://www.doctorhousingbubble.com/housing-inflexion-point-6-charts-young-living-at-home-household-formation-prices/

Those making the case that there is this hidden pool of pent up demand fail to look at the actual data of these future buyers. Many are living at home because they are economically struggling:



Roughly 32 percent of 18 to 34 year-olds are not employed. Might be a reason for so many living at home. Keep in mind that the rate continued to rise in the midst of this debt induced rally in stocks and housing. The housing market was pushed up by investors, easy money, and a lack of inventory. For those wanting to buy, inventory is moving back up but in some areas, you still have a good amount of house horny buyers battling it out. Yet prices are made on the margin especially with real estate. The market is definitely hitting an inflexion point. But in real estate, just like the above trends, booms and busts don’t happen with a big bang or pop but with a slow shift like turning around a giant naval ship. The fact that we have many reports discussing the overvalued nature of real estate, investors shorting homebuilders with 40-slide presentations, and household formation cratering you have to realize something else is going on.

[MisterP]

1. good for gastroenterologists--lotsa ulcers in the making there