During the early 80’s households headed by someone under 35 was $15,260, while households headed by someone over 65  was $120,500.  10-to-l difference, but now it is 20 to l.  The typical older houses has $210,500 in wealth compared to $10,500 for a younger household.  Nearly  80% of older folks own their home, but those under 35  just 34% & down from 43%.  First-time home buyer % is at its lowest point in 30 years, according to Lawrence Yun the NAR chief economist.  MORE TO COME IN NEXT BLOG.