Gen Z To The Housing Recovery Rescue!

Gen Z Attitudes Towards Home Ownership

Some economic recovery addicts look at a half empty glass and say it’s full.

Here comes Gen Z to save the housing “recovery” !

Buy Gold Online

How To Buy Gold

JM Bullion

How to Buy Silver

In March we asked who will buy the homes to sustain the housing recovery– we concluded it wouldn’t be millennials burdened by student loan debt and poor job prospects.

We didn’t make that prediction lightly having covered the plight of the millennials and its impact on the economy and the housing market in our first blog post in April 2013.

The housing recovery cheerleaders insisted that Gen Y held the key to the housing recovery as they would soon form households and boost the housing market. We disagreed.

We blamed quantitative easing in part for the lack of meaningful millennial participation in the housing market. We covered the false housing recovery of 2013 and declared the housing recovery that never was, was over in April this year.

Yet the media persisted with stories like this one: “Get Ready for the Next Real Estate Boom- Housing: Gen Y style“. They insisted a Gen Y housing boom was just around the corner.

The Gen Y housing boom never materialized. Yet hope and delusion springs eternal in the real estate cheerleaders’ hearts, if not minds. There is always the next generation.

Gen Z to the Housing Recovery Rescue!

a poll of 13-17 year olds found that 89% think owning a home is the most important thing in life and 59% said they will use a real estate agent to help them find a home rather than looking for one themselves online

Poll: Kids today are willing to give up video games to become homeowners and will use real estate agents to help them find their homes.

Podcast Summary:

0:00 -2:35 Introduction


New Poll Commissioned By Real Estate Broker Better Homes and Gardens Finds 89% Teens Aged 13-17 Believe Home Ownership is Essential To the American Dream; 59% would use a real estate agent to help them find their home instead of searching for their home online.

Homeownership ranked higher among 13-17 year olds than graduating college, getting married, having children and having enough money to support themselves.

The poll is discussed; hilarity ensues.

The State of the Economy and the Housing Market

11:05 – 12:55 discussion of the economy, inflation, rising insurance costs and interest rates and their impact on the housing market.

Fifteen Year Olds and Pre Natal Home Buyers

12:55:15:20 Thirteen year old home buyers will save the market! How minor children are in better positions to buy homes than those in their twenties.

Who Are Today’s Home Buyers?

15:20:17:35 discussion of who are buying homes in today’s market with rising inventory, lower prices and longer time on the market.

17:35- 19:05 The Coming Supply Demand Real Estate Inventory Price Adjustment and Real Estate’s Catch 22 are discussed. Why more housing inventory does not create more demand or higher prices.

Existing Home Sales

19:05:21:24 The September existing home sales data is discussed- all the growth was in rental units, not single family homes. Existing home sales are at levels last seen in the 1960’s/70’s. reports:

“Single-family home sales rose 2.0 percent to a seasonally adjusted annual rate of 4.56 million in September from 4.47 million in August, but remain 1.9 percent below the 4.65 million pace a year ago. The median existing single-family home price was $210,300 in September, up 5.9 percent from September 2013.”

The difficulties of getting a mortgage are discussed.

The Hypocrisy of Warren Buffet and Central Banks on Wealth Inequality

21:24-23:25 the hypocrisy of central planners and their direct recipients of wealth are discussed. Yellen imitation and a joke.

13-17 Year Home Owners (Reprise)

23:25-24:25 The topic of pre adolescent homeowners comes up again. Kids have nothing to worry about except buying a home and using a Realtor to help make the purchase.

Stock Market Up- Bubbles Forming Labor Market Health Touted

Labor Market

24:45-26:35 Things haven’t been this good in 14 years!!

The jobless claims are low because there are fewer people left in the labor force so there are fewer people left to fire. More part time jobs are touted as labor market strength.


26:35-28:30 Discussion of the latest inflation numbers. The new deflation threat is discussed. The myth that consumers will stop spending is discussed. HOWEVER the recent survey of 13-17 year olds bears out the theory as they say they will forgo many things in order to buy a house. What if adults do the same? This would have a devastating impact on the economy.

State Controlled Capitalism vs. Free Market Communism.

Fed Presidents and QE4

28:30-32:45 discussion why the Fed tapered QE (to appear “prudent”) and will start QE again – Ebola/Obola. QE supports the one pillar holding up the economic recovery- the stock market. Stock prices can always be boosted higher. Housing prices can only go as high as incomes and mortgage lending will take them. China and Russia are trying to wean themselves off the dollar.

QE appears to be a permanent program at the Federal Reserve. The Fed has been back stopping the stock market since 1987.

New Potential Federal Programs for 13-17 Year Olds

32:45- 36:00 discussion of potential programs/initiatives that could be instituted:

◾ Fed funds for 13-17 year olds to buy homes (with a Realtor);
◾ Fed purchase of millennial student loan debt; and
◾ lower the voting age to 13.

Gold and Silver vs. Paper Assets

36:00 -40:45 why people buy paper assets vs gold and silver. Stocks don’t always rise. Companies didn’t go public twenty five years ago that didn’t have a few years of profit. Monetary policy reflects the price of the stock market not the underlying fundamentals of the companies in the indexes.

40:45-42:45 – The hardships at companies like Sears that service the middle class and not at companies that service the rich, like Tiffanies, are discussed. Rising health insurance premiums are included in consumer spending and GDP which gives a false impression of the health of consumer spending.

42:45- 46:13 why the Supreme Court ruled Obama Care Constitutional. How Obama care only works if people are forced to buy insurance is discussed.

The Economic Saviors- 13-17 Year Olds – How to Produce Children Who Value Home Ownership

46:13-51:51 Because 13-17 years have their priorities straight re home ownership and using real estate agents, the key to future economic growth lies with them – our last best hope. Thank A Realtor.

Prenatal and pre conception methods to create home buying children are discussed.

Discussion of comedy.

51:50-55:15 discussion of how the Fed will always fight deflation. Every time QE ends the stock market drops. This time the stock market dropped before QE ended, so St. Louis Fed President James Bullard started talking about more QE. Predictions for the next FOMC meeting are discussed. Stopping QE sends a sign of confidence re the economy prior to the November elections. After the elections they can start talking and eventually launch QE4.

Silver Supply and Demand

Silver supply and demand is discussed,


The Realtor Generation

Poll: Teens Aged 13-17 Bullish On Home Ownership

Get Free Updates From

Subscribe to and get the free In Case You Missed Itweekly email as well as updates and analysis on gold, silver, real estate and the economy.

Also get the free report “Twelve Key Differences Between Gold and Silver” when you subscribe.

Further Reading:

Millennials Not Part of The Club Yet

The Housing Recovery That Never Was is Over

Who Will Buy the Houses to Sustain the Housing Recovery?

Waiting For Household Formation

Student Loans are Holding Back the Real Estate Market

Millennials Not Part of the Club

The False Housing Recovery of 2013

The Dark Side of Rising Home Prices

The Dark Side of Artificially Low Interest Rates

Misinterpreting Initial Jobless Claims

Real Estate’s Catch 22

What Will You Do If the Stock Market Crashes

How a Stock Market Crash Ends the Economic Recovery

Royal Canadian Mint

Please visit the Smaulgld Store for a larger selection of recommended Kindles, books, music, movies and other items. Or you can support by making purchases from our affiliates or by making all your Amazon purchases through the search widget below:

Buy American Gold Buffalo Coins

*DISCLOSURE: Smaulgld provides the content on this site free of charge. If you purchase items though the links on this site, Smaulgld LLC. will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.

The content provided here is for informational purposes only. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. SG presents no warranties. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site.

The information contained herein does not constitute legal, tax or investment advice and may be subject to correction, completion and amendment without notice. SG assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. SG disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result.

Post Navigation