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nontechdude1, I think I can blame both tech companies of this current generation for their sins AND people of generations past for theirs, and that includes the

nontechdude1, I think I can blame both tech companies of this current generation for their sins AND people of generations past for theirs, and that includes their exclusionary housing policies. It’s not an either-or situation. Regardless, after the declining baby boomer population finally loses their political influence, millennials will step in and fix the problem themselves —and they will, it’s not like any of us can afford those houses (even the ones who grew up in the city and aren’t in tech, which you seem to imply are more important or valid). That’s just democracy, after all. [this comment was originally made in response to one of nontechdude1’s now-deleted comments]

nontechdude1 9y ago
sorry, i deleted that comment because it was..a little too much. i would caution anyone with the resources to purchase a home to be cautious right now. there are too many political unknowns that could easily make it a poor financial choice. or you can go all-in knowing that if you become underwater, you can just walk away (CA is a non-recourse state) as long as you don't have a HELOC on the property.
- thebradbain 9y ago
  Family is in real estate— we would never purchase a property in San Francisco this late in the game (and I love that city!). The writing’s on the wall: that same law homeowners voted for to artificially lower their tax burden will also be the law that sends California into a bona fide housing crisis that makes the 2008 subprime mortgage crisis look like peanuts in comparison. It’s artificial, unsustainable, and shows a complete disregard for how markets work. The current, very real housing shortages and homeless epidemic is just the tip of the iceberg.
crdoconnor 9y ago
>Regardless, after the declining baby boomer population finally loses their political influence, millennials will step in and fix the problem themselves The millennial children of the 1% will inherit those houses and once the boomers are gone they will find another scapegoat to blame while they try to justify their parasitic streams of rental income. Americans are weirdly susceptible to being divided along identity politics lines. The whole "boomer vs. millenial" thing is just the 1% engaging in a game of scapegoat, divide and rule. By blaming your mom, you're helping them.
- thebradbain 9y ago
  The thing is though, many, many baby boomers own their homes. Many, many millennials don’t. Even for the small minority that inherits them, new housing is out of their reach. Studies show millennials, even ones’ whose parents own property, by and large don’t want to live in the same suburb/house they grew up in (though, with the current state of affairs, many still live with their parents). In any event, even if all of that small minority wanted to stay in their exact house, the rest of the disenfranchised would be so numerous as to overwhelmingly outvote them. Here’s a very enlightening article to the current plight of the millennial. I recommend setting aside some time to read it today. https://highline.huffingtonpost.com/articles/en/poor-millennials/ https://highline.huffingtonpost.com/articles/en/poor-millenn...

nontechdude1 9y ago

sorry, i deleted that comment because it was..a little too much. i would caution anyone with the resources to purchase a home to be cautious right now. there are too many political unknowns that could easily make it a poor financial choice. or you can go all-in knowing that if you become underwater, you can just walk away (CA is a non-recourse state) as long as you don't have a HELOC on the property.

thebradbain 9y ago
Family is in real estate— we would never purchase a property in San Francisco this late in the game (and I love that city!). The writing’s on the wall: that same law homeowners voted for to artificially lower their tax burden will also be the law that sends California into a bona fide housing crisis that makes the 2008 subprime mortgage crisis look like peanuts in comparison. It’s artificial, unsustainable, and shows a complete disregard for how markets work. The current, very real housing shortages and homeless epidemic is just the tip of the iceberg.

crdoconnor 9y ago

>Regardless, after the declining baby boomer population finally loses their political influence, millennials will step in and fix the problem themselves The millennial children of the 1% will inherit those houses and once the boomers are gone they will find another scapegoat to blame while they try to justify their parasitic streams of rental income. Americans are weirdly susceptible to being divided along identity politics lines. The whole "boomer vs. millenial" thing is just the 1% engaging in a game of scapegoat, divide and rule. By blaming your mom, you're helping them.

thebradbain 9y ago
The thing is though, many, many baby boomers own their homes. Many, many millennials don’t. Even for the small minority that inherits them, new housing is out of their reach. Studies show millennials, even ones’ whose parents own property, by and large don’t want to live in the same suburb/house they grew up in (though, with the current state of affairs, many still live with their parents). In any event, even if all of that small minority wanted to stay in their exact house, the rest of the disenfranchised would be so numerous as to overwhelmingly outvote them. Here’s a very enlightening article to the current plight of the millennial. I recommend setting aside some time to read it today. https://highline.huffingtonpost.com/articles/en/poor-millennials/ https://highline.huffingtonpost.com/articles/en/poor-millenn...