Recession Generation Opts to Rent Not Buy Houses to Cars

[dcollon]

Cort is mentioned in this Bloomberg article

 

http://www.bloomberg.com/news/2012-08-08/recession-generation-opts-to-rent-not-buy-houses-to-cars.html

 

[SharperDingaan]

Notable is the deleveraging. Student debt is a commitment & they have the cashflow to remove it.

[CONeal]

This article could have been written with me in mind.  Lost my job due to a buyout 9 months out of college and have been hesitant with large commitments ever since.  Have been able to pickup and go on a dime which has allowed me to stay available to opportunities when they present themselves.

 

I don't agree with the last section in the article.  Just bc you don't own a house doesn't mean your not building wealth. 

[Liberty]

I don't agree with the last section in the article.  Just bc you don't own a house doesn't mean your not building wealth.

 

In fact, if you are in a bubbly housing market like Canada, it's probably the opposite.