We are growing up in the age of QE infinity, negative interest rates, unfunded promises, real estate bubbles and ponzi equity markets...
Have you heard of #Bitcoin?
The prudent millennial saves for their first home. The unit at which they save in (the dollar) dilutes at a rate faster than their rate of savings.
The market move away. The down payment out of reach.
Millennials will not grow up with a “risk free rate”.
Your savings account is on track to go negative.
The pensions and promises are underfunded.
10,000 boomers retire everyday. The millennial payroll will be a part of an attempt to close the unfunded gap.
Expect the haircut to grow.
We thought our millennial artisan coffee co-working golden goose could help us get ahead when they listed. Wall Street tried to sell us #WeWork at a $50B valuation. With $47B in 15 yr lease obligations against 15 month sublease commitments.
The median income needed to buy a home in Vancouver is $247k.
At night, the gleaming glass towers only have a few lights on. Developers build square feet for foreign capital to hedge against inflation.