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2011_0919_packet
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2/15/2012 1:34:41 PM
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12/20/2011 3:20:07 PM
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Generation Xisalso made up of smaller households, is more urban generation, and is <br />facing distinct economic challenges. The Harvard Joint Center reports: <br />Real rnedianhoLisehold incornes / n all a_qe_yroLjps Linder 55 have not Increased since <br />2000. In fact, for the first tirne / nat least 40.years, there isachance that the real rnedian <br />household income for these a_qe_yroLjps will be lower at the end of the decade than <br />at the start. Moreover, the�erl't.Y of toda/seconornic contraction ooLild hold down <br />/ ncomes and wealth for.years to come <br />[The State of the Nation's HoLjsl'n_q 2009, page 12.) <br />This will suppress prices for suburban homes for years to come, making it hard for the <br />young boomers to move The reduced prices of these homes and their larger size, how.- <br />ever, make them an attractive option for larger immigrant farnihes, though only if prices <br />are low enough to be affordable for this population, which generally has more modest <br />incomes. As the Harvard Joint Center notes: <br />'The younger boomers are facing flat incomes, lost equity in their homes, and a smaller <br />group of move-up buyers. The market for large suburban homes will be weak over the <br />coming decade, and itis likely that there are already enough large suburban homes to <br />meet the market demand for the coming decade despite the growing U.S. population. <br />
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