Light and Easy Talk: Casino Regulators Ruled Unshuffled Cards in Mini-b...

REBLOG> Light and Easy Talk: Casino Regulators Ruled Unshuffled Cards in Mini-baccarat Legal:

Golden Nugget Casino

An unshuffled card game for mini-baccarat at the Golden Nugget Atlantic City on 30 April 2012 was ruled illegal under state casino rules because the cards had been unshuffled. Superior Court judge James Isman had vindicated the Golden Nugget in his ruling on 14 June 2014. It should be noted that the New Jersey's Division of Gaming Enforcement fined the casino for the unshuffled cards.

The Incident

Gamblers capitalized on the unshuffled cards by increasing their bets from $10 to $5,000 per hand after seeing the same sequence of cards being dealt over and over again. Gamblers rode on a forty-one consecutive winning streak on this day. They were surrounded by casino security that was eager to find evidence to show that they were cheating. The security personnel was unable to spot the unshuffled cards because they were all focused on the wrong thing.

New Jersey's Consistency

The New Jersey casino regulators recently ruled that the game in which gamblers won $1.5 million did not violate any rules or laws, the Associated Press reported on 24 Sep 2014. The consistency with the New Jersey casino regulators and the Division of Gaming Enforcement should be applauded.

Timely Ruling

The call by the New Jersey case had been timely as the case had been reinstated the CBS Philly reported on 4 Sep 2014. Isman recently retired and a different judge granted a motion to reconsider the decision. Judge Allen Littlefield said that the gamblers can continue the discovery process and argue their case at trial this fall.

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My Comments

The injustice of Judge Isman was very obvious. That is the reason Judge Littlefield had to correct it.

Carpe Diem: Seize the Day: States Use Gambling to Save Economy

REBLOG> Carpe Diem: Seize the Day: States Use Gambling to Save Economy:
Phil Andows' Original Blog

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Gambling Addiction

Policymakers in USA is starting to see gambling as a panacea to be the cure for all economic ills but gambling addiction it the ugly side of the coin. USA Today is in the view that gambling states are addicted to easy money in its report dated 25 Sep 2014. The Editorial Board cited New Jersey are the prime example of the worst offenders in the world of gambling. "They are both addicts and pushers. They throw temper tantrums and upset settled policy when their fix of gambling revenue runs low."

Save the Economy

New Jersey began offering online gambling last year to bring in more tax revenue as Atlantic City casino revenue took a sharp dive. Since the revenue from the online gambling was not much of a help, the state will come up with more gambling products. Governor Chris Christie has given the green light for casinos and racetracks to offer sports betting. A federal judge will hear Christie's argument on Oct 6 as a 1992 federal law banned the practice in all but four states where it previously existed.

Gambling Expanded Widely

The good days are gone. Christie can't expect gambling to be the savior. New Jersey is no longer the gambling mecca of the East Coast. Adjoining states - Maryland, Pennsylvania, New York and Delaware - have all opened casinos recently. As of 2012, America had 513 state-licensed casinos, plus 466 on tribal lands. With more players, it is obviously going to be less share for the same pie.

Gambling Destroys Lives

There is a deadly social cost for gambling. Compulsive gambling habits from 1% to 2% of gamblers are known to destroy lives. People lose their jobs, families and self-confidence due to heavy losses. A study done by Baylor University in 2011 estimated the cost of gambling ill at $9,393 per compulsive gambler per year. The state should explore alternatives instead of always relying on gambling to bail them out.

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Veronica Glowsome Commented

It is like a gambit in chess. A small piece is sacrificed to gain advantage. The gambit here is 1% to 2% of gamblers who will turn into rotten gamblers.

My Comments

Planners have to look at majority because there is where the votes comes from.

Anything Under the Sun: China Corruption Blitz Hits Macau Junkets

REBLOG> Anything Under the Sun: China Corruption Blitz Hits Macau Junkets:
SavySeph's Original Blog

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Laundering Money

Rotten gamblers, especially the whale bettors, could be mistaken for money laundering. This may be the assumption of Chinese President, Xi Jinpin. His crackdown on corrupt officials and tycoons is starting to drain China. This almost 2 years blitz had caused the sale of luxury good to dwindle and the VIP rooms at Macau casinos to slow down. It had driven rotten gamblers to other gambling destinations. This is like sending away the goose that laid the golden egg to your fellow neighbors. The claim of coming by a windfall from the casino is not that easy to justify with the generous amount of surveillance camera covering the casino. Coming up with the bankroll to make the amass the extraordinary win would be a great question mark.

Macau's Casino Junket Squeeze

The prolonged crackdown is now starting to squeeze the junkets in Macau. As the Chinese economy dragged its feet, the whale gamblers shy away. In Macau, whale gamblers will punt HK$1 million without second thoughts. Junkets who lend them money and settle their debts are not longer as flexible as debt recovery is not as easy. Authorities are digging junkets for information on Junkets are had left the industry. Chinese officials suspected of corruption who may be laundering money through Macau. The pressure is too much that, "I can't sleep at night. There are just too many problems," said one 54-year-old junket operator who didn't want to be named because of the sensitivity of the issue. "I'm not optimistic for the future of the VIP junket industry here." Of Macau's 220 licensed junket firms, at least 15 have shut up shop in the big casinos this year the Reuters reported on 24 Sep 2014.

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My Comments

I am thinking domino theory. One falls other follow. Macau will be in economic depression if this keeps up because gambling is Macau key industry.

On Empty Thoughts: Alcohol Ban at Stratford Supercasino

REBLOG> On Empty Thoughts: Alcohol Ban at Stratford Supercasino:
Guerrilla Gamblers' Original Blog

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Violence at Gambling Outlets

p>I will update Gambling Tales Facebook and Google Plus Page with this article on Violence at Gambling Outlets. Alcohol never ceases to cause trouble for Aspers Casino in Westfield Stratford City. Since they have so much trouble handling their drinks, it had been taken away from them.

Alcohol Ban

A recent news dated 23 Sep 2014 from the Newham Recorder the Supercasino has had its alcohol license revoked by Newham Council after security staff allegedly "beat up" a punter. A Newham Council spokesperson said: "The decision was made in view of the seriousness of the incident and the police and licensing sub-committee’s concerns about the casino’s ability to prevent crime and disorder. The suspension will remain in force until a full licensing review hearing." Aspers Casino will not be able to serve alcohol or food from 23:00 to 05:00.

The Incident

The incident took place on Saturday night of 20 September. CCTV footage of the assault on the customer by a security staff showed that the customer sustained "severe injury". The involvement of alcohol in the attack was not mentioned by the press. Aspers Casino did not comment on the incident.

Banning Use of Glasses

Two week ago the casino was banned from using glasses to serve drinks and the casino resorted to using plastic cups. This was following two serve cases of glassing. One resulted in an inch long cut to the victim’s head which required gluing. In the other case, the glass used to commit the crime was thrown away by casino staff, leading to the loss of vital evidence (see Newham Recorder's report on 9 September).

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My Comments

Other casino also serve liquor. Why only this casino is plague with drunken gamblers. Either is jinks or the management is no good.

Pest in Midst: Laggard to the Casino Industry

REBLOG> Pest in Midst: Laggard to the Casino Industry:
XingCai's Original Blog

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Casino Industry in Asia

Singapore is considered a laggard to the casino industry in comparison to her neighbor, Malaysia. To make up for being half-a-century late Singapore decided to have two casinos. Other Asian countries - Vietnam, Korea, Sri Lanka, Cambodia and Japan - are joining the bandwagon to intensify the fight for gamblers patronage. Like good foodies, gamblers will travel the extra mile for a wager.

The Singaporean Stunted Growth

Macquarie, a leading financial services provider in Australia, "think the Singapore gaming market cannot grow." They noted that the gross gaming revenue (GGR) for the nation had plateau around $6 billion a year since 2011. "After three big years, tourist arrivals in Singapore have started to decline (down 3 percent year-to-July) and most importantly, Chinese visitors who form more than 50 percent of Singapore VIP volume have fallen by 29 percent year-to-date," Macquarie said. VIP volumes make up around 80 percent of the city-state's total gaming volume, it said [CNBC 23 Sep 2014].

Singaporean Senseless Optimism

Carey Wong, an analyst at OCBC, is optimistic about the situation. He sees the drop in overseas visitors to be temporary as it is partly due to China's economic slowdown and corruption crackdown. He said, "Once things die down, we'll see the return of these high rollers," he said. "From an Asian perspective, Asians will gamble regardless of good times or bad. It's different from a Western perspective, where gaming is more for leisure." Wong does not seem to make much sense when he claimed that economic slowdown was the cause of decline in Chinese visitors yet advocating that bad times will not stop Asian gamblers. Singapore's strong currency and lack of tourist attraction in their tiny island is more likely the cause for their failure to attract foreigners.

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My Comments

Laggards will not have enough staying power to survive the business.

Sugar Babies Meets Sugar Dadies at Seeking Arrangement

Internet Prostitution

Sugar Babies goes to Seeking Arrangement to meet Sugar Daddies. Seeking Arrangement is a website that brokers the meeting of pretty young women with rich older men under the guise of providing social escort services. Tammy Castle, a professor at James Madison University, said "[The administrators of the Seeking Arrangement] are trying to avoid the negative stigma of prostitution by advertising this as just another dating website, but money is exchanged for arrangements that may include sex," the Atlantic reported on 19 Sep 2014.

In High Demand

As in the case with any search engine, the most it is crucial to be listed on top of the page. Men with annual incomes of over $5 or $10 million get the most attention. The site rewards women who could show that they are in higher learning institution. If women register with a ".edu" email account, they receive a free premium membership, something the guys have to shell out as much as $1,200 for.

The Ideal Product

Some men use the site entirely for sexual services. Most of them wanted sex and something else. They want a companion who understands and appears interested in what they have to say. A suitable mate to tag along for business trips or company events, and even meet their friends. Most importantly, they want someone who will help them pretend that the relationship is not a transaction.

Jack of All Trades: Ben Affleck Admits Counting Cards in Casinos

REBLOG> Jack of All Trades: Ben Affleck Admits Counting Cards in Casinos:
Jack Omnitrade's Original Blog

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Advantage Players

Savy Seph gave a good explanation of advantage players. "The advantage players have an edge over the house given that they tend to win more than they lose. While cheating at casinos is a criminal activity, advantage players use legitimate means to beat the house. Since they play by the rules, they deserve to pocket their winnings. The casinos may frown on the advantage players but they are not able to use legal means to throw advantage players in jail. This shows that the law recognizes advantage players to be a different kettle of fish from the unethical cheaters." Card counting, a form of advantage play, was used by Ben Affleck at the Hard Rock Casino in Vegas to win $800,000 in May 2014.

Ben Affleck Admits

Sky News had a few interesting quotes from Affleck in their 18 Sep 2014 article. "That is a true story. I mean, that took place. I took some time to learn the game and became a decent blackjack player," he said. "And once I became decent, the casinos asked me not to play blackjack. I mean, the fact that being good at the game is against the rules at the casinos should tell you something about casinos."

Casino as a Sore Loser

Blackjack is the only casino game that is vulnerable to a good system. The casino is a sore loser and they will reject your patronage. "They don't even want you to have a sporting chance, really. There's a lot of hospitality, backslapping, when they think you're gonna come in and dump money, and if they think you might leave with some money, it's like, 'You know what? Why don't you try craps or roulette?'."

Dispelling Rumors

Affleck dispelled the rumors surrounding his visit to the Hard Rock Casino in May. With respect to being kicked out of the premises he said, "I wish I could say they were afraid of me in every capacity, but they only said, 'No blackjack'. That would be awesome [if they threw me out]. 'Get him outta here! He's a magician!' Unfortunately, they just came up and said: 'We can't let you play blackjack. But we have other table games. We have Chinese poker'." Affleck also rejects reports that his blackjack playing was affecting his marriage to actress Jennifer Garner.

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My Comments

As the one of the system that can consistently beat the casino, card counting is not easy to master.

Man Commits Suicide after Ramming Truck into Casino

Suicide Attempts

Ryan Brown ramped a pickup through the glass front doors of the Stratosphere Casino on Sep 10, a Las Vegas police arrest report showed. The 40-year-old electrician was arrested on suspicion of reckless driving and possession and use of cocaine, the Reuters reported on 19 Sep 2014. Brown was released without restrictions after prosecutors failed to file criminal charges on 15 Sep. Toxicology reports were required to pursue charges and the judge set a status hearing in October. On 18 Sep Brown was found dead at the Rio All-Suite Las Vegas Hotel and Casino. The Clark County coroner's office reported that Brown died of asphyxia and hanging, police spokesman Larry Hadfield said. According to arrest report, Brown was fired due to a domestic dispute with his wife. He told the police in a drug-fueled diatribe that he had been on cocaine and speed for six days and had smoked crack about two hours before deliberately crashing into the casino. Brown said, "He intended to run up to the top of the Stratosphere and jump off.

Doubtful Released

Brown was preoccupied with Suicide. He intended to jump off the Stratosphere Casino but ended up crashing into it instead. He contemplated on an idea that would hurt himself but performed an act that could hurt others. "Darren Richards, assistant Clark County public defender, whose office was not involved in the case said, "I don't know what the District Attorney was thinking, why they didn't file some charges against someone who had been caught driving through the lobby of a casino." The Clark County District Attorney's Office, which provided the arrest report, did not immediately respond to requests for comment on Brown's release. "It is not against the law to be mentally ill," Hadfield said when asked why Brown was not arrested after his release.

Anything Under the Sun: Watchdog to Named and Shamed Bookies

REBLOG> Anything Under the Sun: Watchdog to Named and Shamed Bookies:
SavySeph's Original Blog

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Saving the Gaming Industry

Bookies who break promises on advertising will be “name and shame” by a new watchdog. This watchdog should also penalize those who admit minors. This ruling is often violated and never taken seriously. The four biggest bookmakers in Britain pledged to set up an independent body to safeguard against any further heavy-handed clampdown on the gambling sector.

Exposing some Scapegoats

Big industry players - Gala Coral, Ladbrokes, Paddy Power and William Hill - came up with this self-policing measures to save their own hides. They want to toss the little guys out of the game so that they can glorify themselves. Humiliating a few small players to save the industry is a good strategy. In view of the increasing political and public pressure, particularly over the controversial “crack cocaine” gaming machines, a few scape goats would be sufficient to pacify public rage.

Independent Policing

This independent body is scheduled to be up and running in January with “multi-million pound” budget funded by the big four bookies. The promise of independent comes with an independent “standards commissioner”. The commissioner will adhere to the “Nolan Principles” - a set of standards for those working in public office - the Telegraph reported on 14 Sep 2014.

Responsible Gambling

Promoting responsible gambling is another feature of the voluntary measures of the new independent body. All advertising for fixed-odds betting terminals (FOBT) or any electronic casino games described by campaigners as the “crack cocaine” of gambling, will be removed. Responsible gambling messages will comprise 20% of advertising in betting shop windows.

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My Comments

This is human selfishness. They will sacrifice the weak to exonerate the strong.

Anything Under the Sun: Ohio Approves Preshuffled-cards

REBLOG> Anything Under the Sun: Ohio Approves Preshuffled-cards:
SavySeph's Original Blog

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Green Light for Pre-shuffled Cards

Ohio Casino Control Commission (OCCC) has approved the use of pre-shuffled cards in the state’s casinos. It made me reflect on the unshuffled cards causing a casino millions and Brogata accusing Phil Ivey for collaborating with the card manufacturer to mark cards to be used in play. While the unshuffled card at Golden Nugget Atlantic City may be a one in a lifetime affair, Brogata’s wild accusation could possibility become a regular affair with this new regulation.

Casinos Wants Red-tape Cut

Dealers would spread out all 312 cards in the six-deck stacks to carefully inspect before use. “It can take 30 minutes to get the first table going and up to 90 minutes to get all six tables going,” said Tosha Tousant, Horseshoe Cleveland’s director of table games. With such procedure to ensure fairness, casinos need to cut down the red tape as the Horseshoe Cleveland uses a total of 16,000 decks a month. Hollywood Casino uses about 20,000 decks a month, the Columbus Dispatch reported on 16 Sep 2014.

Protecting the Integrity of the Games

For Matthew Schuler, executive director of OCCC, the integrity of the games would be his main concern. He was skeptical when Ohio casino executives requested permission to use pre-shuffled decks. He sent his staff to inspect the United States Playing Card Co. in Erlanger, Kentucky. He was convinced as cards were shuffled so thoroughly and randomly that there’s no way for dealers or players to know what card will come up next. The company became the only card manufacturer the OCCC has approved to supply pre-shuffled cards. The application of other card factory are being processed, Schuler said.

United States Playing Card Co

United States Playing Card Co is equipped with a fully automated production line. “We load sheets of printed decks at the front of the production line. They are cut and then shuffled automatically by our approved equipment, and then we load finished and secured, pre-shuffled cartons of cards into a shipping carton,” said company spokesman Scott Madding.

Human Intervention

Schuler’s investigation was based on the machines ability and credibility. The machine can mechanically and methodically shuffle the cards thoroughly and randomly but the aspect of human intervention is ignored. For the right price a motivated individual will make the necessary alteration to the advantage of any players who will pay the price. Schuler made no remarks on the security procedures of the factory that monitor the intervention of these motivated individuals.

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My Comments

There should be more controls set up at the factory's side.

Filling Bottles: Gamblers Go to Vegas to Avoid Macau Corruption Bli...

REBLOG> Filling Bottles: Gamblers Go to Vegas to Avoid Macau Corruption Blitz:
Sue DaJi's Original Blog

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Nations Bow to Gambling

Gambling Tales claims that banning casinos would cause black market to flourish or drive gamblers to casinos in a neighboring country in the article "Nations Bows to Gambling". On Chinese soil, gambling is legal only legal in Macau but China would not sanction their own citizen gambling on their soil. Corruption blitz had been carried out at Macau to rid the activity on their sovereignty.

Corruption Crackdown Affected Gambling and Luxury Malls

SavySeph's blog on Tumblr covered the news on the Chinese anti-corruption crackdown of gambling in Macau and shopping outlets specialized in luxury good in Hong Kong to rid the stench of corruption from the land. Here is a reblog of SavySeph.

Reblog Savy Seph

Beijing’s intensifying crackdown on corruption is hitting the VIP rooms at Macau casinos and luxury shopping malls in Hong Kong hard, the Wall Street Journal reported on 1 Aug 2014. “This anticorruption crackdown in China is much more widespread and deeper than the VIP community had anticipated and as a result there could be prolonged weakness in the market,” said Union Gaming Research analyst Grant Govertsen.

Sales of luxury goods fell by nearly a third in the second quarter, including a 40% decline in April. With Beijing monitoring conspicuous consumption and capital flight closely, it would not be kool to be seen buying diamond-encrusted watches or punting millions at a baccarat game.

A New Playground

XingCai a tumblr user commented that these Chinese gamblers will find a new play ground soon. I have just found the new about their new playground as reported by Sidney Morning Herald on 17 Sep 2014. Junket operators, which organise casino trips for wealthy Chinese VIPs, are bringing those gamblers to other locations such as Australia, Europe or the US, according to Credit Suisse analysts Kenneth Fong and Isis Wong.

Viva Las Vegas

Casinos' revenue on the Las Vegas Strip has increased 3.7 per cent to $US3.7 billion ($4.1 billion) in the year to end-July, driven mainly by a 14.4 per cent jump in baccarat revenue, according to Robert Shore, a Las Vegas-based analyst at Union Gaming Group. This indicates "an inverse correlation" with the weaker performance from high rollers in Macau, he said in an e-mail. "Las Vegas is a brand that is clearly world-renowned and that people continuously want to come to," Dan D'Arrigo, Chief Financial Officer of MGM, said via telephone when asked about Chinese gamblers.

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My Comments

Nature abhors a vacuum. The void will have to be fill in due time. Finding alternatives is a natural expectation.

Time Is a Thief: Mohegan Sun Bickers about Wynn Stealing Their Gamb...

REBLOG> Mohegan Sun Bickers about Wynn Stealing Their Gambling license:
Amenda Steels' Original Blog

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Crying over Spilled Milk

After losing the state’s most attractive gambling license, the Mohegan Sun blasted the license competition as “defective” and “unfair,”. It urges the gambling regulators to reconsider their choice of Wynn Resorts, the Boston Globe reported on 18 Sep 2014.Mohegan Sun complained that Wynn was given more opportunities to address deficiencies in its proposal in the final day of deliberations.

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My Comments

This is call corporate cry baby.

Chicken and Egg Talk

Chicken or Eggs Debate

The famous "chicken or egg comes first" debate is here again. This news is really about chicken or egg. The issue here is to wash the eggs or to treat the chicken. Only a small minority, which includes America, believes in washing the eggs and heavy energy consumption for refrigeration is the price they paid.

Washing Eggs

Americans, Japanese, Australians and Scandinavians bathe their eggs and refrigerate them. In contrast other countries will just leave them on a shelf or out in the open air. About a hundred years ago, many people around the world washed their eggs. That changed when a batch of rotten eggs, which had been washed in Australia, contaminated the rest of the eggs that were being washed. This left a bad impression on its British importers.

Eggs Washing History

By 1970, the U.S. Department of Agriculture had perfected the art of the wash eggs. After the eggs were laid they are placed on fancy machines to be showered with soap and hot water. This comprehensive cleaning also removed a thin layer that protects the eggs. Refrigeration was used as a substitute for the loss of natural protection. This method imposed on all egg producers by the USDA. Meanwhile, many European countries were prohibiting washing to maintain the egg’s natural protection. The debate was not an issue with Asian countries but Japan joined the egg-washers after a bad spate of salmonella in the 1990s.

Egg’s Natural Protection

Eggs are created with a safety net that comes in an invisible thin layer around it. This protective coating keeps water and oxygen in and bad bacteria out. Washing can damage that layer and "increase the chances for bacterial invasion" into pores or hairline cracks in the shell, according to Yi Chen, a food scientist at Purdue University. So we spray eggs with oil to prevent bacteria from getting in, and refrigerate them to keep, she added.

Fear of Salmonella

Egg-washers justify their egg washing ritual with the fear of salmonella. According to the Food and Drug Administration, eggs contaminated with salmonella are responsible for about 142,000 illnesses a year in America. Salmonella enteritidis is a bacteria than infect a chicken's ovaries. It contaminates the yolk before the shell firms. Cooking usually kills the bacteria before they can harm you. In some European countries, egg-laying hens are vaccinated against salmonella. Vaccination is not required in America, but eggs must be washed and refrigerated from farm to store, and producers must follow a host of other safety measures. "They're different approaches to basically achieve the same result," says Vincent Guyonnet, a poultry veterinarian and scientific adviser to the International Egg Commission. "We don't have massive [food safety] issues on either side of the Atlantic. Both methods seem to work." The important thing, he says, is to be consistent.

Source : nrp.org, 11 Sep2014.

High Roller Gambler Shot Dead in Sydney

Peter Tan Hoang, who used the name Peter Minh Nguyen, was shot dead in Croydon Park, Sydney. The 36-year-old was a high roller gambler who had accumulated a winnings of $90 Million in Australian casinos. He was seen at a McDonald's outlet nearby before the shooting just before 01:30, 7 Sep 2014.

Mr Hoang was an orphaned Vietnamese refugee with no family ties in Australia. It is believed the he had a turnover of $90 million in the five years as a professional gambler. However, he was arrested at Melbourne's Crown Casino with $1.5 million in cash in 2012. He was due to stand trial in Melbourne next year over possessing proceeds of crime the Daily Mail reports.

Pest in midst: My Cynical Side: Why Westerners Are Joining Jihadi Movements

Justice League cartoon also promotes fighting for oppressed.This is the
concept heroism that appeals to soldiers wannabes. Knight's story is
good in helping to understand the reason for people joining the jihadis.

Pest in midst: My Cynical Side: Why Westerners Are Joining Jihadi Movements: Michael Muhammad Knight blames the American value system for breading jihadis in the Washington Post dated 3 Sep 2014. Knight was a wannabe...

Financial Habits of Millennials

The Millennials

The habits of the new generation known as the millennials is the target of marketers, economists, corporations, and journalists. Making loyal customers out of young people is the best long term strategy. The millennials - as defined by the National Journal - is a group of people, born after 1980, who came of age during the worst recession of the last roughly 75 years.

Millennials Taste

The Millennials taste can be summarized in the tabulated data by the Boston Consulting Group below. It shows a move away from luxury and switching over to healthy staples. Fresh fruits, organic food, and natural products are the choice over luxury goods, soda, applications, and handbags.

This new generation prefer to throw cash at new experiences and adventures. They reward socially responsible companies that they can connect with and that they deem as authentic.

Information Age

Growing up in the information age, this group place emphasis on mobile services more than anything else. With good connectivity other inconveniences are only a minor setback. They were basically asked, "How could your banker best serve you?" in the KPMG results tabulated result above. The convenience of mobile banking is clearly the top priority over more branches or ATMs.

Housing Woes

According to the Trulia analysis of Current Population Survey data there is a spike in the millennials living with parents. These young home buyers are holding back due to tighter mortgage lending, career instability, and high levels of student debt.

Staying with parents appears to be the most viable options to wait out the storm.