President of Global Brokerage Bruce Mosler, Kushman and Wackfield President Donald Trump, discusses the impact on commercial real estate and how Americans are handling 7 percent of mortgage rates.
In recent years, the ability to buy a house in the US has become increasingly difficult, and some experts are concerned about the long -term impact on young adults, who currently have to climb to get American dreams compared to previous generations There is a high hill for.
“Increase in interest rates, increase in house prices, and stable wages are forcing many people in a cycle of renting for a lifetime, where equity equity comes out of reach,” Real estate Investor Lori Grimont. “Without strategic changes, we are seeing an entire generation out of the American dream.”
It is very difficult to buy a house in America, which is used. Some of its experts are concerned about the young adults of America. (Tammy Lajungblad/The Canus City Star/Tribune News Seva Getty Image/Getty Image)
A financial expert and the founder of Real Estate, Dr. David Phelps told Fox Business, founder of Community Freedom Founders Investment Founders, while some people have claimed that General Z is lazy and entitled when he complains about the cost of housing today, he does not believe that he does not believe that he does not believe It is not that it is pure.
Phelps said, “General Z is correct – the housing has become completely ineffective for an important part of our population, especially for that generation,” said Phelps. “Wages are not kept With inflation Or the cost of rapidly growing house, and before you too is the factor to increase interest rates and to tighten the guidelines. ,
Existing house sales falls to lowest levels in about 30 years
Phelps stated that on the basis of average salary in the US, a home buyer can bear a household expenses that cost $ 110,928, which today is a fraction of the price of the average house of $ 420,400.
“In other words, it is not just about making coffee at home and leaving the avocado toast,” he said. “Mathematics General does not work for Z.”
The founder and managing partner of the Connor Group discussed what the housing market needs to be exposed and the effects of rules on the reconstruction of California after the wildfire.
Tom Spath, the owner of Eicher Properties, said that in the last 10 years, the supply of houses available to buy young families on an average income has gone up to 15% in the form of home prices from 50% of the houses available and Mortgage interest rates Has increased.
Trump wants to fix the housing strength crisis: what will it take
He said that “all while big institutional investors are buying a record number of homes, forcing young families to rent in a low -quality neighborhood, disrupting their children’s education, financial stress to families Increase and housing housing instability. “
Achieving American dreams has become rapidly difficult in recent years. (Photographer: David Ryder / Bloomberg Getty Embolce / Getty Image)
Psychiatrist and writer Jonathan Alpart says that housing strength crisis is not only about economics – it also takes a serious psychological toll on young adults.
“Many genes are experiencing the feelings of anxiety, frustration and failure because they saw the previous generations as passed, struggling to achieve that,” the alpart said. “The owner of a house has long been associated with stability and success, so when it feels out of reach, it can create self-doubt and a feeling of being ‘stuck’ in life.”
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Alpart says that he hopes that as the economic situation shifts, opportunities will open.
“Meanwhile,” he told Fox business“Flexibility, adaptability, and change in the story around the subject is important to navigate these challenges.”
