2 ms·
The millennials we are talking about are not, for the most part, going without shelter. They are living in smaller, less nice place than they would otherwise, a
by obstinate 9y ago
The millennials we are talking about are not, for the most part, going without shelter. They are living in smaller, less nice place than they would otherwise, and/or renting.
Homelessness is a qualitatively different problem than middle class millennials competing with boomers for houses.
- mythrwy 9y agoTrue, but using homes as a wealth building instrument is (one of) the root problems in both the case of people not being able to own homes and homelessness. I rant because, well, its just plain nuts, but I don't have answers. I do think we need a paradigm shift in this regard though and I think it's inevitable, just a matter of how much pain it causes.
- ericd 9y agoVery high property taxes with homestead exemptions (reductions when you live in the house as a primary residence) might be part of the solution. But the biggest one is letting property developers go wild. SF and the south bay have been doing very much the opposite for a very long time. Also, Prop 13 needs to be phased out. It's completely killing liquidity in the market, and removes any incentive for homeowners to not want rampant home value increases, which encourages them to prevent property developers from doing their thing.