dailywire.com
Here’s a headline you probably haven’t seen, even though it will have more impact on your life (and your children’s lives) than anything coming out of the Middle East: By the time millennials hit retirement age, the typical home in this country will cost $1 million. That will be the median price of a home — not just new homes, but any home — by 2050. Put another way, if you have a child today, by the time your child is looking for a place to live, they’d better have $200,000 saved up for a down payment. And for the rest of their lives, in all likelihood, they’ll be paying off a debt that’s completely insurmountable. This isn’t a projection from some crackpot looking for attention. It’s coming from one of the top housing economists in the nation: “Essentially, in about 25 years the national median home price will be a million dollars,” Lawrence Yun, chief economist at the National Association of Realtors, said at a conference in Washington, DC, on Tuesday. “It may be hard to
4 months ago