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Can Millennials Save Us from a Housing Slump?


Although many reports regarding the housing market speak of doom and gloom, there could be one unlikely consideration that may stave off the slump and save us from a housing bust: Millennials.

Yes, that oft-maligned population who only seem to care about themselves and avocado toast, may be ready to leave their parents’ homes and strike out on their own. And they might even… BUY HOUSES.

In an article in Fortune, the question is whether America’s 70 million millennials will make it happen. Housing accounts for nearly one-fifth of national income, and a big chunk of that number is residential construction.

If Millennials get off their iPhones and start buying (or start buying with their iPhones), the surge in residential construction could give a major boost to the economy; it could even keep us out of recession.

Read on HERE:

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

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