First-time homebuyers are the lifeblood of the housing market. The fuel that keeps the fire stoked. The oil that keeps the engine running. The mayonnaise that keeps the sandwich lubricated. Insert your own rote metaphor here.
And, more often than not, first-time homebuyers are relatively young. They were probably born after 1975, young enough to have at one point believed that New Kids on the Block were awesome (though are justifiably unexcited about their recent comeback).
According to Emory University English Professor Mark Bauerlein, these people are also incredibly stupid.
His forthcoming book is called "The Dumbest Generation: How the Digital Age Stupefies Young Americans and Jeopardizes Our Future (Or, Don’t Trust Anyone Under 30)." Bauerlein's thesis, essentially, is that the internet and video games make people dumb. Young people, avid users of the internet and video games, are therefore dumb. Click here to view his website, and here to see a web slide-show explaining his rationale. I guess he's trying to appeal to the crotchety-angry-old-lady-on-her-rocking-chair-yelling-at-the-neighbor-kids demographic.
As someone born in 1981 and an avid user of the internet, I'd love to weigh in with my opinion on the topic, but I'm just too damn stupid. I can barely read the manuals that teach me how to play all of the video games I spend 18 hours a day playing, let along formulate a cohesive response to his argument.
Those of you who work with young first-time homebuyers already knew this though, right?