Lower incomes, more debt, and less job security. What this translated to in Japan was stagnant home prices for 20 full years. We are nearing our 10 year bear market anniversary in real estate so another 10 is not impossible. What can change this? Higher median household incomes across the nation but at a time when gas costs $4 a gallon, grocery prices are increasing, college tuition is in a bubble, and the financial system operates with no reform and exploits the bubble of the day, it is hard to see why Americans would be pushing home prices higher.
"Whether you're frightened or excited by the prospect, the fact remains that young adults born between 1976 and 2001 will be running this country.UNC's Kenan-Flagler Business School and the YEC have teamed up to compile research and create this infographic, which details the who, how and why of managing millennials."
