[Daily Mail, where America gets its news] A financial analyst nicknamed the 'Oracle of Wall Street' has said a 'growing crisis of the young American male' will cause house prices to fall as much as 30 percent.
Meredith Whitney, who earned the title after predicting the financial crisis of 2007 - 2008, suggested young men increasingly living with their parents and disinterested in starting families will drastically reduce housing demand.
The trend of men refusing to settle in turn means more women are remaining single into later life, leaving them without the income or need for big family homes. |