(https://www.marketwatch.com/story/plot-twist-gen-z-is-buying-houses-after-all-ab247e1f?mod=mw_rss_topstories)—and this quietly guts the thesis behind discount retail's margin resilience. My old call was that middle-income consumers priced out of housing would funnel savings into deals at $WMT. But if younger buyers are actually gaining equity, they're gaining optionality. Homeowners protect their balance sheets differently than renters.

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