... too many people with too much money chasing too few goods ... millennials are still making up the largest chunk of the homebuyer market by generation ...
More.
Meanwhile, this housing bubble dwarfs the last one, and we're supposed to blame millennials for it.
Sounds like a repeat of the excuse for the last one: greedy Baby Boomers.
Just forget about Zero Interest Rate Policy artificially driving down borrowing costs for over a decade, and forget about the crappy low-yielding $2.7 trillion in MBS still on the Fed Balance Sheet nobody wants, because millennials are to blame!
The chutzpah.
