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Boomers are pushing millennials out of the housing market

18 点作者 MilnerRoute将近 2 年前

5 条评论

Lammy将近 2 年前
Yes, good, blame your parents instead of the system that refuses to allow housing construction or well-paying stable jobs.
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imtringued将近 2 年前
I was told that aging demographics will result in lower real estate prices. All that is happening is that rural areas are dying out and the young move to urban areas. There is no free lunch. No, this generation's parents looking for a home don't move to the middle of nowhere, they move to the suburbs of the larger cities. Inheriting a house from your parents also won't be as good of a deal as you are thinking because that home is only worth it if you can't find a job in the city or if it isn't in your dying hometown.
wpietri将近 2 年前
One interesting concern this raises is what this is doing to the housing stock.<p>A well-known problem in cars is that people without much money tend to buy used cars, while those with more buy new. That means that new cars tend to be aimed at richer buyers, which can make them less good for people with less money. E.g., in my youth I knew people who drove giant rusted &quot;land yacht&quot; cars and spent too much on gas. Today you&#x27;ll see a similar phenomenon with giant old SUVs.<p>In housing, I&#x27;ve seen plenty of apartments that had been carved of of the mansions of yesteryear. A friend who recently bought a house in Austin said that finding something small enough was a struggle. He saw a lot of relatively new construction that was 3k+ sq ft, when he and his family wanted well under 2k so as to minimize upkeep and leave more greenery. I have to wonder how much the relatively wealthy boomers are influencing what gets built, and how that will continue to be a problem long after they&#x27;re gone.
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egberts1将近 2 年前
awww, what a way to instill murderous thoughts of their retired parents.<p>No meaningful corrective actions, no planning suggested, no concrete policy recommended.<p>Leave it to the millennial to form their own reactionary ... reaction(s).
entropicgravity将近 2 年前
Aren&#x27;t the boomers supposed to be selling up and moving into condos downtown now?