2011-11-27doctorhousingbubble.com

"Japan is one decade ahead of us in a post-housing bubble economy. You have unique trends that are emerging in America where young adults are moving back home with the descriptive title of being called boomerang children. Japan has an apparently harsher term called "parasite single" for young adults that move back home and draw on parent resources. Yet the overall dynamic is troubling because it causes fractions between generations. Many older boomers are realizing their faux home equity and stock portfolios will not support lavish lifestyles while many of their children unable to find good paying jobs move back into the depreciating nest. As it turns out, the United States recession is starting to look like the lost decades of Japan in more ways than one."


Lijit Search

Comments: Be the first to add a comment

add a comment | go to forum thread