Homeownership Among US Millennials At All Time Low

Source: ZeroHedge.com
April 30, 2017

After dropping to an all time low 62.9% in Q2 of 2016, the US homeownership rate rebounded modestly in the subsequent two quarters, before once again taking a step lower according to the latest Census data, released last week, and which showed that the percentage of US homeowners declined from 63.7% to 63.6% in Q1 of 2017, less than 1% from the all time lows in the series history going back to the mid 1960s.

A breakdown of the data by age group reveals that the primary driver for this latest decline was once again the youngest age cohort. While older Americans, especially those 65 and older, have predictably seen only modest declines in their homeownership in recent decades, it was the youngest age group, those 35 and younger, i.e. the Millennials, who once again decided against owning and chose to rent instead.

As shown in the chart below, the homeownership rate for Americans 35 and younger slumped from 34.7% as of December 2016 to 34.3%, in line with the lowest rate reported by the Census Bureau going back nearly a quarter century. Of note: the largest decline in the homeownership rate following the collapse in the house market occurred for households aged 35 to 44, although it appears to be stabilizing in recent quarters.

And since most young Americans are opting not to own, but rather rent, the latest data from the Census showed that in Q1, the median asking rent was flat at $864, just $6 below the all time high recorded one year earlier.

Broken down by region, there has been a sharp spike in asking rents in the Northeast region, which continues to closely compete with asking rents in the West, i.e., California, with the median rent in the two regions approximately $1,100 and well above rents in either the Midwest or the South.

That said, the contribution from owner-occupied households to overall household growth continues to increase, while the contribution from renters has stabilized after falling sharply in late 2015 and through much of 2016. On a year-over-year basis, the four-quarter moving average of renter-occupied households increased 599,000 in the first quarter, while the four-quarter moving average of owner-occupied households increased 441,000. The gap between the increase in renter- and owner-occupied households was the narrowest since the second quarter of 2007.

Finally, Census also revealed an increase of 158,000 households in the first quarter, following an increase of 47,000 in the fourth quarter of 2016. On a year-over-year basis, the number of households was up 1.219 million in the first quarter, up from 804,000 in the fourth quarter. The HVS data can be noisy, so we focus on year-over-year changes in four-quarter moving averages to assess trends in household formation. On that basis, the increase in households in the first quarter was 1.039 million, up from 878,000 in the fourth quarter.

Source: US Census

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Bush Killings Seen Worse Than Stalin’s, According to Millennials

bush-trump
Source: TheDailyBell.com
October 18, 2016

Millennials believe George W Bush killed more people than Stalin, finds survey … One third of younger generation respondents believe that more people were killed under the Republican’s tenure than the former Soviet Union dictator … According to a new survey, one third of millennial, generation “X” and “Z” respondents believe that more people were killed while Bush was US president than under the dictatorship of former Soviet Union leader Joseph Stalin. -UK Independent

Mainstream media and its controllers have lost control of information in the 21st century and this survey is further evidence of it.

Millennials reportedly  believe George Bush was responsible for more killings than Stalin, according to results of a poll reported by the Victims of Communism Memorial Foundation in its first “annual report on US attitudes towards socialism.”

More:

“It is because of such widespread ignorance about communism that we formed the Victims of Communism Memorial Foundation, which is dedicated to telling the truth, the whole truth, and nothing but the truth,” Lee Edwards, co-founder of the Victims of Communism Memorial Foundation, told the Daily Signal.

But the chances are that this group will not tell the whole truth about communism and its authoritarian genocides. This would surely reveal that Western banking interests helped create and install communism in Russia in the first place.

This is amply documented in G. Edward Griffin’s book, “The Creature From Jekyll Island.” The book deals with the secret history of central banking and the intention of its elite founders to use monetary monopolies to centralize world governance.

But the book also exposes Hegelian strategies calling for the creation of enemies in order to advance the cause of internationalization. The great enemy of the West during the 20th century – and now again in the 21st – was communism.

In order to make sure that communism took root in Russia, Wall Street tycoons costumed themselves as Red Cross workers and traveled to Russia to make sure that “Red Russian” factions were adequately funded.

Additionally, there is a good deal of revisionist history regarding Karl Marx on the Internet, some of it suggesting that his history is more complex than is ordinarily portrayed.

Only 5 per cent of millennials were unfamiliar with the former US president – his decision to invade Iraq took place within recent memory – while 18 per cent were unfamiliar with Stalin.

While millennials may have a hazy view of Stalin, the murderous reality of what’s going in the Middle East is obviously clear enough to the younger generation. And let’s not restrict the wholesale slaughter just to Bush.

When one adds up casualties in Afghanistan, Iraq, Libya, Syria, Egypt and other countries that have suffered from recent US sponsored violence, the death toll rises precipitously. It should include the continuing cancers and birth defects caused by depleted uranium weapons as well.

London’s City bankers were apparently behind the rise of communism both Russia and later in China, just as Western money power boosted World War II.

The sudden emergence of this new Foundation may educate younger people about the dangers of communism, but we wonder if it will fully explain the genesis of that murderous political system and Western involvement.

We are entering an era where the West is positioning itself once more as a bulwark of freedom against Russia, and China as well. It would be nice to think that this Foundation will offer a more expansive view of communism and its causes, but it is also likely that it is simply part of the ongoing effort to resuscitate tensions between Russia and the West.

The idea here, we are told, is that young people have not been sufficiently exposed to communism and its murders – which would put the West (and Bush) in a better light. But we’d suggest that millennials have actually absorbed a good deal of information about murderous Western activities, and this is what’s provoking such beliefs.

Conclusion: Elite memes are simply not as effective today as yesterday, and that may not be the fault of a deficient education but of more comprehensive Internet reporting.