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We aren't making any more land though - property prices just seem to grow and grow and millenials have little hope of owning a house at the same age or with the
by alexgmcm 8y ago
We aren't making any more land though - property prices just seem to grow and grow and millenials have little hope of owning a house at the same age or with the same quality that their (often poorer) parents did.
- Nasrudith 8y agoThe funny thing in the US at least is that we have plenty of land that comparatively nobody wants since the jobs aren't there. Lack of development and transit structure appears to be more of a limitation than just space want - people are living with stranger roommates in single family homes for instance - they're not seeking nor getting private spaces. Telework could help with that but it had oddly failed to materialize for what can most optimistically be attributed to ergonomic reasons in the productivity gearing sense. Real estate is frustratingly sticky however in that people and institutions often refuse to sell low even in the face of depressed markets and low occupancy. Perfectly rational for them to do so when possible - using their positions for land speculation was one of the low key examples of founding father corruption.
- deleted 8y ago[deleted]