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Auscrete Corp (OTC QB: ASCK) Has a Solution for the Leading Millennial Crisis
Auscrete Corp (OTC QB: ASCK) Has a Solution for the Leading Millennial Crisis.
About this update from Auscrete Corp
[{"type":"text","content":"\nGOLDENDALE, Wash., Aug. 07, 2019 (GLOBE NEWSWIRE) -- Auscrete Corporation (OTC QB: ASCK) (the “Company”) Management surmised that for Millennials, affordable & energy efficient homes are not cheap, they’re “Priceless”.\n Never before in the USA has home ownership became so hard for the Millennial age group of around 22-37 years. Some are even naming it “The Generation of Renters”. Today’s Millennials have all been priced out home ownership and achieving the long-lasting all-American Dream. However, through Auscrete’s economically priced hybrid-concrete technology, Auscrete Corporation is beginning to walk that back for the Millennial generation, by giving them the opportunity to buy & own the largest single asset that most families will ever own. While the Financial Crisis of 2008 – 2010, impacted all but especially the Millennials by creating a generation of renters, thus changing the Financial Planning for a generation for decades to come. Besides the Financial Crisis, (1) new findings from the New York Federal Reserve reveal that Millennials have now racked up over US$1 trillion of debt. This troubling amount of debt, an increase of over 22% in just five years, is more than any other generation in history.  With the student loan debt service being so high on a monthly basis, causing the Millennials, while becoming the largest segment of the labor force, are being forced to rent instead being able to enjoy the asset appreciation of home ownership like previous generations did, thus changing the Financial Planning of an entire generation. According to an article and study in Bloomberg on July 19th, 2019, (1) “Millennials are flocking to the Pacific Northwest, study finds.”  The study shows the top 10 Metropolitan areas being sought out by Millennials, 6 of the top 10 are within the serviceable range of ASCK.  That is, 60% of the top Metro areas booming with Millennial growth.  While moving to these areas the Millennials are competing with other Millennials for housing, thus driving up markets that were already overheated in valuation.  This will create a distinct advantage for ASCK with any developer or builder, due to the affordability that ASCK brings to the table. it will allow those developers and builders to be very c...