Making Sense of Our Economy’s Most Confusing Area

Is the American dream lagging behind reality? [View in browser]( [The Juice Logo] BROUGHT TO YOU BY: [Logo]( Proprietary Data Insights Top Real Estate ETF Searches This Month Rank Name Searches #1 Vanguard Real Estate Index Fund 5,381 #2 Real Estate Select Sector SPDR Fund 2,777 #3 iShares U.S. Real Estate ETF 1,877 #4 VanEck Vectors Mortgage REIT Income ETF 1,137 #5 Schwab US REIT ETF 886 #ad [A Daily Stock Pick With Professional Analysis]( Brought to you by [Money Map Press]( [Capitalizing on the AI revolution]( [ Money Map Press - Capitalizing on the AI revolution]( Artificial intelligence has the potential to revolutionize nearly every industry on earth. Nick Black’s new video reveals an astounding new AI tech that could transform civilization – and how investors can get in right now for pennies. [Watch here.]( Making Sense of Our Economy’s Most Confusing Area As it turns out we can probably only agree that today’s housing market is confusing. The group you fall into - forever renter, [trapped homeowner](, actively seeking shelter - depends, more than ever, on the strength of your personal financial situation. This is the antithesis of the American dream, which, at its core, has always been about widespread and relatively accessible home ownership. So the data that’s out there these days on the subject of home ownership is difficult, if not impossible to make sense of. However, it makes for great conversation among people - like us and presumably you - who care about these things. So when you bring up some of these insights over coffee with friends, be sure to tell them you saw it in The Juice. - In a recent Bank of America survey, millennials between 31 and 41 years old were three times more likely to buy a home rather than rent an apartment. - Among all millennials, roughly 45% said they anticipate buying a home in the suburbs and they’ll do it within the next two years. The takeaway: millennials are bullish on home ownership? On less positive notes: - A recent PYMNTS.com survey found that just 23% of people considered home ownership “at least somewhat possible” in January of this year, compared to 30% in January 2021. - In a separate assessment of 1,000 renters by real estate research and brokerage firm, HomeBay, 66% of apartment dwellers expressed “hopelessness” over buying a home. Instead, they’re chasing other money goals, such as being debt-free (71%), having a comfortable retirement (66%) or buying a car (59%). The takeaway: Among millennials - and across age groups for that matter - it’s only the most financially well off among us who feel good about and can successfully pull the trigger on home ownership these days. This tells us something else. That, for large swaths of the population, there’s a new and changing definition of the American dream. Home ownership no longer acts as the foundation of the American dream for people who see it as increasingly impossible. Rather, maximizing cash flow - indicated by the desire to focus on retirement savings and not take on debt - represents at least part of the new American dream for folks inevitably priced out of the real estate market. [Bear Market Expert Makes New Prediction]( Nobody believed Larry Benedict’s prediction in February 2020. The DOW plunged 3.5%, and he told CNBC, “It seems like there’s much more to come.” Within a month, the market plummeted 34%. Then, nobody believed Larry at the start of last year, either. He predicted that “all the indexes will be negative for the year,” with the Nasdaq leading the way. Once again, he was spot–on. Anybody who followed his recommendations could be well in the black. Now, for the first time, Larry’s coming forward to share a brand–new forecast. [Click here to watch his interview right now.]([Ad] The Bottom Line: While you can argue that the death of home ownership as the end all and be all of the American dream sucks, there is a silver lining. It takes [a ton of money to not only get, but service a mortgage (and home) in 2023](. While conditions might eventually improve, we’re unlikely to go back to the days when home ownership was in reach for a large chunk of the population. The bright side is that, along with dying dreams of buying a home, comes an end to people stretching themselves financially to achieve that goal. Generally, when you stretch yourself, you’re short on free cash flow at the end of the month. If you run consistent personal budget surpluses, you can likely take that cash and do other worthwhile things with it, such as pay down debt, save for retirement and buy other nice things not quite as big ticket as a house. 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