Editorial: All Grown Up and Nowhere to Go

摘要

Millennials can't catch a break, or so the story goes: Graduated into the worst job market in living memory and saddled with unprecedented school debt, they are stuck in mom and dad's basement without the wherewithal to buy a house of their own. According to John Burns Consulting, those student loan payments cost the housing industry $83 billion in sales in 2014. Fortunately, the storyline may be changing. Bloomberg Business Week, The New York Times, and Money all report that as the economy improves Millennials will finally begin to pursue homeownership en masse. The catch, as young house hunters may discover, is that entry-level options, in the $200,000 range, are limited.