Economy Watch: Will Millennials Continue to Rent?
[{"id": "cppm8s0", "text": "there was an article on /r/realestate the other day stating Millennials are the largest purchasing generation right now and the fastest growing I believe.", "replies": [{"id": "cppozxi", "text": "What I'm waiting to see is how the new Dodd-Frank regulations (enacting this August) affect the mortgage market.  Speculation here, and among most in the mortgage industry, is that it's going to stifle lower-end of homebuying market, i.e. $250K and below, thereby creating a more-permanent rental class, bad for single family but good for multifamily.  Gonna be interesting to see it all play out", "replies": [{"id": "cpppiwy", "text": "can you expand on why you (and other mortgage industry folks) think that?", "replies": [{"id": "cppvczu", "text": "Actually wrote a post on it couple weeks back and can be found [here](http://abimultifamily.com/abinsight-dodd-frank-financial-reform-act-impacts-part-1/)", "replies": [], "depth": 4}, {"id": "cqkxp9j", "text": "Check out this [article](http://www.housingwire.com/articles/33625-new-fico-program-reveals-credit-score-to-risky-borrowers) that FICO is changing its scoring strategy (opening up its scoring category to non-profs for credit repair, as well as, doing a utility payment based credit score although not alluded to in this particular article) based on CPFB (Consumer Protection Financial Bureau) request.  Seems they realize constrictions to credit that will happen this August.  Not sure if its wise but its what they are doing", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]