Every time I meet a millennial, it makes me wonder how the US education system got so fouled up so quickly?
The millenials are the first generation trained entirely by college professors who have more in common with Peter Pan than Joe the Plumber (I don't ever want to grow up!).
Imagine "paying" (or borrowing) tens of thousands of dollars to be lectured at by people who couldn't hack it in the real world. Millenials were told that college is a sure thing, they would be crazy not to go to college.... and they went, they have massive debts to prove they went, and yet the college professors (as a group) who taught aren't prepared for real life. How can Professor Peter Pan possibly train someone to do something Prof Pan can't do himself?
Having made that whopper of an mal-investment, the debtors -- make that millenials -- are told that home ownership is the next "sure thing". Buy a house in a market where the government is absolutely focused on destroying whole industries while raising property taxes to pay for that destruction.
Low skill, low pay jobs will not float a half million dollar McMansion with massive property taxes. It doesn't matter what mortgage rate the Fed conjures up.
The difference in attitude is not with Millenials vs Boomers. The difference is that socialist municipal governments have destroyed the jobs that are able to fund home ownership.
Even the millenials are connecting the dots. We are just waiting on the bureaucrats to figure it out.
