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Millennials Aren't Buying American Dream

Posted by: Tim Halbur

16 February 2010 - 2:00pm

The younger generation of Americans will continue to rent rather than buy, predicts the Urban Land Institute.

ULI's new research paper, Housing in America: The Next Decade, details the reasons Gen Yers won't invest in real estate.

John K. McIlwain, senior resident fellow of ULI predicts that "the 'disillusionment' over homeownership as a means to build wealth could last for decades to come and those entering the housing market (Generation Y essentially) will be more apt to rent longer and place more emphasis on buying for shelter rather than for investment purposes."

Full Story: Generation Y chooses to rent
Source: Examiner LA, February 16, 2010
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"It's so out of control," said Duany, referring to the current state of public participation in planning decisions in the United States. "It's an absolute orgy of public process… basically, we can't get anything done."
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