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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (1790)	1/29/2019 10:12:22 AM
From: robert b furman	Read Replies (3) \| Respond to of 13801

Hi John, My nephew (who is now 31) and married, just bought their first urban home - sold the downtown Chicago condo. Recent real estate newsletter indicates 30 year mortgages are charging 5 % rates and by the end of 2019 may increase to 5.5%. My nephew has an MBA and his wife is an infant genetics RN. They both make very good money, but are about 5 years behind the asset accumulation schedule my wife and I held. Our first home was half of what they paid and at a higher interest rate than they paid. Of course their combined income is a multiple of what we earned back in the 1980's. Millennials to some degree have been slow , but still are coming into a very solid earnings capability scenario. I have a much more optimistic view of the millenials and their buying ability - they seem to just have a slower start. Once established, they have very good disposable income. I suspect they'll surprise us all with their ability to spend and enjoy life! Bob