with a representative from the Federal government. I have rental property both commercial and residential, so I wanted to get this view of the state of the real estate market. One comment he made really jumped out: "the "new normal" age for people who are first time home buyers is now between 31 and 35 years old". It used to be mid twenties. Thinking about this, it seemed that it should be a good thing for people who are invested like me. When the q&a part of the session was started, I asked, "if this "new normal" is correct then why am I and others having trouble getting qualified renters". His response, "because those mid twenties age people are mostly living in their parents basements". Ladies and gentlemen, your elected representatives at work. Maybe one of the first honest things, I have heard one say in awhile.
