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Meredith Whitney, once known as the "Oracle of Wall Street," has linked the "crisis of the American male" to a potential 30% drop in home prices. In her view, young single men are increasingly disengaged, living at home, and not forming households, which impacts housing demand. She highlighted that these men, often isolated and engaged in video games rather than social interactions, are a part of why she believes home prices will decline for years. While nearly 40% of American homeowners own their homes outright and might not face immediate financial distress from a market downturn, the overall market could see significant changes. Whitney argues that this isn't just about the housing market but a broader social issue, where modern lifestyles and economic conditions have led to less social interaction and more loneliness among young men. This trend, combined with an aging population looking to downsize, could flood the market with more homes than there are buyers.
➡️To Get A Personal Referral For A Realtor Visit https://www.kristinasmallhorn.com/nee...
For A Collaboration Video For Your Affordable Housing Option Or Comp.
➡️Link for your unique 7-day free trial with a $35 monthly fee is - https://www.foreclosure.com/special.h....
LIVE STREAMS ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.
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Meredith Whitney, once known as the "Oracle of Wall Street," has linked the "crisis of the American male" to a potential 30% drop in home prices. In her view, young single men are increasingly disengaged, living at home, and not forming households, which impacts housing demand. She highlighted that these men, often isolated and engaged in video games rather than social interactions, are a part of why she believes home prices will decline for years. While nearly 40% of American homeowners own their homes outright and might not face immediate financial distress from a market downturn, the overall market could see significant changes. Whitney argues that this isn't just about the housing market but a broader social issue, where modern lifestyles and economic conditions have led to less social interaction and more loneliness among young men. This trend, combined with an aging population looking to downsize, could flood the market with more homes than there are buyers.
➡️To Get A Personal Referral For A Realtor Visit https://www.kristinasmallhorn.com/nee...
For A Collaboration Video For Your Affordable Housing Option Or Comp.
➡️Link for your unique 7-day free trial with a $35 monthly fee is - https://www.foreclosure.com/special.h....
LIVE STREAMS ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.
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