Young Men Opting Out of Relationships Could Contribute to Falling Home Prices, Analyst Warns
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Young single men living at home, playing video games, and not socializing or dating are behind a "crisis of the American male" that will send home prices down 30%, according to Meredith Whitney.
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A growing share of young men are single, living at home with parents longer, and spending more time playing video games alone instead of socializing.
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Fewer young men looking to date or be in relationships means less household formation and home buying demand in the future.
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An aging "baby boomer" generation is expected to downsize and put over 30 million housing units on the market in the coming years, increasing housing supply.
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Not enough demand from young single men and women home buyers coupled with boomers downsizing will result in a glut of housing supply and falling prices in Whitney's view, though not another housing crash.