Developing Affordable Housing Ecosystems World Wide
[Continued from yesterday's Part 1.] By: David A. Smith Yesterday’s post introducing the burgeoning phenomenon of the boomerang generation living at home, using as our source a recent Christian Science Monitor article, introduced us to Cassie Owens. Judging by the story, she’s dedicated, intelligent, and unemployable in anything she’s been educated for (comparative [...]
By: David A. Smith Is American household formation actually in reverse? That’s what a recent Christian Science Monitor article would lead one to conclude: Three in 10 young adults live with parents, highest level since 1950s Smile for the camera, kids Personally, I find the statistic almost inconceivable. A [...]
[Continued from yesterday's Part 2 and the preceding Part 1.] By:David A. Smith In the preceding two parts, expanded at length from Derek Thompson’s excellent essay in The Atlantic (February 29, 2012), we’ve proven that for newly formed families and Millennial couples, homeownership is no longer a reliable investment asset, and further that [...]
[Continued from yesterday's Part 1.] By:David A. Smith Yesterday’s post, using Derek Thompson’s excellent essay in The Atlantic (February 29, 2012), demonstrated that for the generation of Americans on whom we rely to buy homes, they are no longer a reliable investment asset – and will not be for any foreseeable future, because [...]
By:David A. Smith America has become a renter nation. Urban, dense, and rental More specifically, to grow the American economy, we need to aim for a lower homeownership rate than we had in 2005, and probably a lower homeownership rate than we have even now. At the same time, we need to [...]
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