Young Adults Have Given Up On Home Buying! Does this Trend Lead to Less Effort at Work & More Sushi & Crypto Consumption? New Trend? Or Delayed Behavior that Will Fall In Line with Historical Norms?

The Best Paragraph I've Read:"With home affordability increasingly out of reach, many young adults are making choices that are reshaping the economy — and mostly for the worse — a new research paper says. They don’t think they’ll ever be homeowners. So they stop trying, and focus on the here and now.That’s the interpretation put forth by economists Seung Hyeong Lee and Younggeun Yoo — doctoral candidates at Northwestern University and the University of Chicago,respectively — who built a mathematical model of consumer behavior. When people conclude that they will never be able to afford a home, they put less effort into their jobs, tend to spend more on luxuries and do less long-term saving, and are more likely to invest in riskier assets such as cryptocurrencies, the economists’ findings suggested."This paragraph comes from the Washington Post. The article is titled: "Abandoning home ownership may be changing how people behave at work and home." The author is Julie Zauzmer Weil. You can read the full article here.Zac and Don discuss whether it is a big deal if younger adults have given up on home buying. They wonder if it's better to spend disposable income on eating out more and purchasing crypto instead of saving for a house. They also wonder if eventually younger home buyers will come into the market just later in life.