The 'growing crisis of the young American male' could send home prices falling for years or even decades

[NickB79]

https://finance.yahoo.com/news/growing-crisis-young-american-male-185400449.html

Meredith Whitney, deemed the “Oracle of Wall Street” for successfully calling the financial crisis, says home prices are likely to fall substantially, and the reasons have to do with habits picked up by young guys.

“You have men staying single longer…and then you have what I call a growing crisis of the young American male…they’re twice as likely to live at home than women. So one out of five young men live at home with their parents, and these aren’t young men going to college and coming home for holiday breaks, these are young, grown men choosing to live at home,” Whitney told CNBC this morning.

The outcome could have profound effects on the housing market, she said.

“I think you’re going to start to see housing prices begin a multi-year/decade decline, just due to supply/demand dynamics,” Whitney said. “So you’ve had a demand, supply imbalance: more demand, less supply. And I think that’s going to invert.” So what that means is supply will then outweigh demand, which is why she sees home prices falling for years.

[WA-03 Democrat]

1. Sure

I'm middle aged. Took years with 2 incomes to even think about buying a house in the early 90s. I cannot imagine how far it would be today. Click baited

[Rebl2]

4. Same here

My husband worked at the P.O. and I was on disability, so it took us a while (early nineties) before we bought our first home. My husband was almost 40 and I was 35.

[Chainfire]

10. It was the same for us when we bought our first house in '76.

There was no way for a young couple to qualify on a single salary. If I hadn't had a VA loan for that first house, I probably wouldn't have qualified anyway. We paid rent for the first three years we were married and figured out that that was not the way to go; we were still buying a house, but we were buying it for someone else! The only easy money I have made in my life was buying and selling the houses that I lived in and will not be an option for these young adults. If mom and dad decide to sell out, they will be in a hell of a fix.

I could not imagine staying at home once I left high school. I wanted out so badly I joined the service and I was a damn hippie! ( I know that I was a damn hippie because everyone kept reminding me) By age 18, my parents and I were sick of each other. I had figured out that, half the time they were full of shit, and they figured out that I was not going to remain a complacent child forever. Our relationship improved greatly when I got married at 19 and they knew for sure that I wasn't coming back.

I am glad that my when my adult children went off to college they figured out how to make it on their own more for their security than my comfort.

[OAITW r.2.0]

11. I was 28 when I bought my home (a duplex)_ in 1981.

The guy who owned the house also had a car shop. 3 bay garage) out back.. He stayed on and rented the garage from me. The DP was $2500.00, sale price was @$25K.

[senseandsensibility]

2. If you read the entire article at the link

there are counterpoints to this prediction (lots of them). I guess we'll see.

[onecaliberal]

3. They can't afford 500,000 or more in their 30's.

[Lithos]

5. Had my blood taken by a phlebotomist this morning

She was 32, a single mom of two kids, and she did not want to be married. She was proud that she did not need a "man" and told me so.

She will unlikely make enough to buy a house, but she does well enough to keep a roof and food for her kids. Her parents help out time-wise. I think this is part of a new reality.

And she was a damned good phlebotomist. I'm a hard stick and she got my vein in one. I do not think she will ever lack for finding work.

[msongs]

7. she did not need a man...has 2 kids lol nt

[Lithos]

13. Meant beyond a sperm donor ;)

n/t

[stopdiggin]

15. single parent families very much a common reality

some through circumstance - some through choice.
Not really a lot to laugh at here.

[GenThePerservering]

17. Depends

for some there are not, but a couple of friends of mine chose to raise their kids on their own because they simply didn't have time to take care of a husband, too. It was just plain easier.

So situations differ.

[stopdiggin]

18. there all manner of deficiencies,

shortcomings (and sometimes outright dangers) presented by partners, of either sex. That applies to both adult and parental relationships. And the idea that any parent, regardless of how toxic (or in fact dangerous) that might entail - is better than a straightforward absence - is frankly just so much misty eyed 'Leave It To Beaver' nonsense.

[Coventina]

9. If I had my life to do over again, I would do the same.

Every woman I know personally in my peer group (I'm GenX), is either divorced or never married.

I'm the only one who is currently married, and we have no children.

I love my husband and have no plans for divorce, but he is a lot of work.

I think that women are discovering that men are often not needed or even a hindrance to living one's best life.

Between the domestic violence, substance abuse, and chronic immaturity of SO MANY MEN, women are saying, "Thanks but no thanks."

[Lithos]

14. Yah - this is what I got from her

Just having a guy around is too much of a bother. And he would definitely prevent her from enjoying life and spending quality time with her kids.

I'm sort of sad - but more sad there are guys out there who do not want to step up. My wife and I were older than average before we had our first kid. We have learned to tag team to maintain some sense of sanity. But that also means there are times each of us deal with an extra child. It also means we get times we each do what we want to do. (Though my wife does not get as much BBQ as she wants and I do not get as much Thai and Vietnamese as I want).

[msongs]

6. one suspects multiple age groups sharing a home is the norm for most of the world nt

[pecosbob]

8. Prices will not go down until Wall Street is kicked out of the market.

[OAITW r.2.0]

12. By law, hopefully.

[hurl]

16. Could be good news

Where I am, affordable housing is a massive problem. Maybe what causes housing prices to drop isn't actually a crisis, but rather a well-deserved break for those who desperately need one.

[pfitz59]

19. I bought my home 24 years ago. I was 40.

Still live in it with my grown sons. It has appreciated enormously. My sons couldn't begin to afford a place like it. I will likely die here and pass it on to them.