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Here's a headline you probably haven't seen, even though it will have more impact on your life

and your children's lives than anything coming out of the Middle East.

By the time millennials hit retirement age, the typical home in this country will cost $1 million.

That will be the median price of a home, not just new homes, but any home, by 2050.

Now put another way, if you have a child today, then by the time your child is looking for a place to live,

they'd better have like $200,000 saved up for a down payment.

And for the rest of their lives, in all likelihood, they'll be paying off a debt that's completely insurmountable.

And this is not a projection from some crackpot looking for

attention. It's coming from one of the top housing economists in the nation. Quote,

essentially in about 25 years, the national median home price will be a million dollars.

Lawrence Young chief economist at the National Association of Realtors said at a conference

of Washington, D.C. on Tuesday. It may be hard to envision that, but back in 1990, the national median price was $90,000.

Yon noted that even San Francisco, considered an exorbitantly priced real estate market at the time,

had a median price of only $250,000 in 1990.

Now, for comparison, as of right now, the national median

sales price for existing homes is roughly $430,000. So as high as housing prices are right now,

...