Remember the scene in Dead Poet’s Society where Robin Williams stands on his desk, and challenges his students to change their perspective? His message: the way you see a problem or opportunity depends on where you stand. So the blame built into the question, “Will millennials kill homeownership?” underlines William’s point, and will surely trigger hot buttons and heated debate today on Boston.com about who’s doing who wrong.
To put the debate in broader context, Real Estate Cafe recommends this background reading:
How the Housing Crisis Shafted the Next Generation
http://bit.ly/HousingShaft (please share this short URL via social media)
And this rising concern. Some, including the National Association of Realtors, are already wondering if the next housing downturn is already in sight. They’re calling it the Great Senior Sell-Off, and we blogged about it recently in the context of rising rent burdens:
http://bit.ly/RentBacklash (please share this short URL via social media)