This is only a problem for foolish states/cities that raise money mostly from property taxes. Besides, the main problem is current residents not allowing additi

This is only a problem for foolish states/cities that raise money mostly from property taxes. Besides, the main problem is current residents not allowing additional housing to be built. The additional income from new properties would more than offset the revenue drop from property values. It's not about millennials "jumping ahead" either. This generation came of age during the worst recession since the great depression. They are on track to be the poorest generation in American history. The combination of funding cuts to state universities and rising housing costs in places with jobs available gives millennials less choice and more debt than any generation alive in the US. This is a generation that is the best educated but poorest in our nation's history, coming right after one of the richest and prolific generations. The implications are clear. The previous generation maintaining the status quo. They voted for the funding cuts and NIMBYism that resulted in the lack of housing and student loan debt of the current generation.