Here's a good article about why GenX'ers like me are largely to blame for the current housing foreclosure drama, http://www.babble.com/Generation-X-nesting-to-blame-for-the-economy-housing-crash/

Sorry, you have to cut & paste, blogger won't let me link properly!


I have always found it weird that my generation expects to live at their parents level of affluence--same size house, same kind of cars etc, right away, with the very first kid. Even before the wedding, my peers are buying houses they can barely afford to be at their folks level right out of the starting gate of adulthood. Yet... their parents took sometimes decades to get to that size house, car etc. and we often forget that.