[quote=cooprider14]I don’t think the majority of 20 somethings, even early 30-somethings have immediate plans to buy.
This demographic grew up with MTV, and will spend money on cars, clothes, and cell phones before saving for a down payment. Certainly not all, and probably none of us on these forums but I only know a small handful of people saving for a house.
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Many of the 20 somethings are also still living at home, in some cases despite earning a decent paycheck. They will save money by accident unless they are totally frivilous.
As an aside, these “Millennials” by and large have to be the most coddled generation in history. The stuff I’ve read about and seen in person makes me wonder if they will ever grow up.
