HOW’S THAT HOPEY-CHANGEY STUFF WORKIN’ OUT FOR YA? (CONT’D): The twin lost decades in housing and stocks – baby boomers selling homes to a less affluent young American population. The impact of baby boomers on the housing market. “You have a wealthier generation that has seen their wealth decline trying to sell to a less affluent and smaller generation. Instead of household formation or even renting, over 2 million young Americans moved back home. Is it any wonder why we have now faced a lost decade in housing?”

And, of course, recent (and even not-so-recent) grads with heavy student loan debt can’t afford to pay top dollar for a house, if they can afford a house at all. Thanks, Higher Education Bubble!