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Millennial whines about how hard prosperity is making her life. Blames another generation for her woes. Of course the competition in the market has nothing to
by CodeWriter23 9y ago
Millennial whines about how hard prosperity is making her life. Blames another generation for her woes.
Of course the competition in the market has nothing to do with the trend the author cites, that Millennials have upset the natural order by skipping the starter home. Nope, just blame the boomers.
For the record, I'm GenX, and like many from my generation, I hope to be a homeowner some day.
- saurik 9y agoThe article explains that they are being forced to skip the starter home because almost all of the lower end housing stock is only available for rent, not to own.
- CodeWriter23 9y agoSure, if you just skip over this statement from the article: "Millennials, on the other hand, tend to overestimate what they can afford in terms of housing." The reality in the Bay Area is hyper gentrification driven by the currently inflating Silicon Valley Bubble 3.0 (or is it 4.0 now) has deleted low end from the market altogether.