3 ms·
I qualify as a Millenial and I don’t know a single person who’s planning on doing this. I rent right now in a major city but am looking to buy, maybe, in the ne
by remarkEon 9y ago
I qualify as a Millenial and I don’t know a single person who’s planning on doing this. I rent right now in a major city but am looking to buy, maybe, in the next few years. For my peer group anyway that’s the norm. What I do find as one of the major drivers of increased housing costs are actually Boomers (aka my parents generation) engaging in a nasty kind of NIMBYism - a sort of “I got mine” mentality. My fear is that we’re building in a lot of tail risk into our cities by behaving this way and not building. There’s all sorts of absurd zoning rules all over the country. Things won’t change until there’s another collapse.