Millennials looking forward to being homeowners must read this!
There's no place like home — except when you can't afford one.
Millennials have been priced out of some of the biggest U.S. cities, with residential real estate prices rising even as wage growth remains elusive. Find out the 13 cities millennials can't afford housing here.
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9 年What I find even more interesting is the fact that corporations have already transitioned away from assets to services - Uber owns no cars, airlines buy "thrust" from GE engines, etc yet citizens are convinced by social custom and lured by tax incentives to own a home when all they really require is the service of shelter. Houses have become income sources due to cheap debt. I think we all need to rethink wealth creation more on the basis of creating real service value and not using cheap debt and inflation to imitate value as we trade "assets" back and forth.