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The steep price of housing is forcing Americans to delay marriage, kids and other milestones

1. Median age for first-time home buyers reached 40, a historic high. 2. High home prices and mortgage rates delaying major life events for many. 3. Housing costs consume almost half of an $80,000 income, causing financial strain. 4. Focus on homeownership reshapes lifestyle choices for aspiring buyers. 5. 85% still believe in homeownership as part of the American dream.

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FAQ

Why Bearish?

High housing costs affecting consumer confidence and spending, analogous to 2008 crisis data.

How important is it?

Housing market trends directly affect consumer spending and overall economic health, which influences SPY.

Why Long Term?

Continued housing unaffordability will affect economic growth and market sentiment over years.

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