Ryan Dezember
speaker
644 appearances
11 recordings
1 series
first heard May 2018
last heard Jun 2024
Ryan Dezember’s voice in public audio — every appearance, attributed to the second.
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Appearances
They're generally short the down payment.
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It's not really the credit or the cash flow.
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It's the money to buy the down payment.
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And also this is a generation of people who went through the housing crash either early in their sort of adult lives or in a lot of cases with their seeing their parents or people they know struggle with underwater homes and foreclosure.
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And so it's a generation that's taken to home buying a lot slower than previous generations.
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The pandemic, of course, has kicked up the desire to have more space.
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A lot of people are thinking about that and they're going out and renting homes.
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Another thing to consider is that the supply of available homes is historically low relative to the number of Americans there are American households.
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So there's not a lot of supply of homes.
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And the homes that are being built are generally at the upper end.
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There's only about 10% of homes these days, new homes are being sold for $200,000 or less.
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So you're looking at a down payment on a $400,000 or so house.
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It's really hard for these people to come up with, even if they're making six figures because of their student loan debt, their car payments, other debts that this generation tends to carry around.
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No, I don't think so, because I think what they've had is they've had a lot of demand just push forward.
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And we've seen that in the home buying market as well, with people encouraged by the historically low interest rates.
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These companies, their stocks were shooting up before, you know, in the last couple of years as sort of people looked at the demographic situation.
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A lot of millennials starting families and like entering that phase of their life where they do move to the suburbs.
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But
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Because of housing market dynamics, a short supply of affordable homes, the lack of a down payment for many of these people, they sort of position themselves to cater that crowd anyway.
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They still see that crowd coming their way.
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Showing 341–360 of 644 · page 18 of 33
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