Generation X: The Apartment Renting Generation 6/22/2016 - A Whittle Bit of Commentary

A Whittle Bit of Commentary with Chad Whittle

Below is a rush transcript (may contain errors):

Generation X, those right above me that were born from 1965-early 1980s were hit hard by the housing crisis that happened back in 2008 and are still feeling the effects of it. According to the Wall Street Journal and BusinessInsider.com, “the 2015 homeownership rate for Gen Xers, now aged 35 to 44 years old, was 58.5 percent. This is seven percent lower than the average for this age range.” In 2014, it was 49.5%. The Wall Street Journal reported that "there are now three million more renters in their 30s and 40s today than 10 years ago.” I bet the home ownership rates for my age are probably worse, and all of this could’ve been avoidable, if Congress would’ve gotten behind President Bush and his efforts at fixing Fannie Mae and Freddie Mac back before this got out of hand. Old history now, I know, but still I needed to point it out. Feels like a lifetime ago. I’m Chad Whittle on A Whittle Bit of Commentary.

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© 2016 Chad Whittle

Background Material:

http://www.wsj.com/articles/SB123137220550562585

http://www.wsj.com/articles/housing-bust-lingers-for-generation-x-1460142759

http://www.businessinsider.com/gen-x-might-be-housings-lost-generation-2016-6

 

Posted on June 21, 2016 .