‘The Accidental Economist’ with Jack Kern: Major Bank Discovers Young Homebuyers–News at 11

I had a great laugh today. On one of the newswires there was a headline article about how a major national bank discovered that millennials might represent the biggest home-buying cluster to come along in years. Imagine that, a bank that makes home loans talking about how it will be great to sell these mostly unemployed or underemployed young people a home. With large numbers of foreclosures still on the market in lots of places, much tougher underwriting standards in place and even fewer real estate agents hustling buyers, it strikes me as a public relations goof of epic proportions.

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