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Cushman & Wakefield global president Bruce Mosler discusses President Donald Trumps the impact of commercial real estate and how Americans manage mortgage loans.
In recent years in the United States, the ability to become increasingly difficult in the United States has become increasingly difficult and some experts are concerned about the long -term impact of young adults who currently have a higher hill to climb the US dream than The previous generations.
“Many of the rising interest rates, inflated housing prices and stagnant wages are forced into a lifelong lease cycle, where construction capital feels more and more unavailable,” said Lori Graymont real estate investor. “Without strategic shifts, we observe that the price of an entire generation will cost an American dream.”
It is much harder to buy a house in the United States than they are used to. Some experts are worried about America young adults. (Tamy Ljungblad/A Cansas City Star/Tribune News Service through Getty Images/Getty Images)
Dr. David Phelps, founder of the founders of the financial expert and real estate investment, told Fox Business that although some people claimed to be lazy and eligible when complaining of today’s housing costs, he does not believe it is. accurate.
“The Gen is right – the apartment has become priceless for most of our population, especially the generation,” Phelps said. “Wages did not keep up with inflation or rapidly growing home costs, and this is before the growing interest rates and tightening the listing guidelines.”
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Phelps said in the United States, based on average salary, a home buyer can afford a house that costs $ 110,928, which is a fraction of the $ 420,400 at home.
“In other words, it is not just a matter of making home coffee and missing avocado toast,” he said. “Math doesn’t work at Z. Gen.”
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Tom Spaeth, owner of Easal Properties, said that over the past 10 years, buying young families with median income could afford the supply of homes.
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He said it happened: “As long as large institutional investors buy a record number of home and force young families to rent them in lower quality neighborhoods, disrupt their children’s education, increasing the financial stress of families and creating housing instability.”
Finding the American dream has become increasingly difficult in recent years. (Photographer: David Ryder / Bloomberg with the help of Getty Images / Getty Images)
According to the psychotherapist and author Jonathan Alpert, the house’s affordability crisis is not only about economics, but also requires serious psychological guidance for young adults.
“Many Gen Zers experience anxiety, frustration, and a sense of failure when they struggle to achieve what the previous generations saw as a passing rite,” Alpert said. “Ownership of the house has long been linked to stability and success, so when it feels available, it can lead to self -confidence and a” stuck “feeling in life.”
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Alpert says he hopes that as soon as the economic conditions shift, the opportunities will open.
“In the meantime,” he told Fox Business. “Resistance, adaptability and narrative change around the topic are essential to navigate the challenges.”