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> Fast forward all that time, and the housing market you complain about will likely be a huge wealth generator for you But this perpetuates the problem, and ma
by ohazi 5y ago
> Fast forward all that time, and the housing market you complain about will likely be a huge wealth generator for you
But this perpetuates the problem, and makes it much worse for the next generation! You do realize that this can't continue indefinitely, right? I mean, maybe this doesn't bother you, which I suppose is fine. Does it bother you?
Look, you're technically right. I also own a house in California, and am far better off because of it. But it still bothers the hell out of me.
I'd much rather fix the problem in the general case than adopt this "I've got mine, therefore everything is fine" sense of entitlement.
Do you really want to be 90 years old in your $50 million NorCal farmhouse paying your grandfathered in $15,000/year property taxes when everyone else paying $500,000/year decide that enough is enough and torch the place?
A retirement strategy that depends on screwing over a younger generation and hoping that they don't manage to get revenge before you die is a risky bet.
- jshen 5y agoNot buying a house doesn’t do anything to fix the problem.
- lotsofpulp 5y ago> I'd much rather fix the problem in the general case than adopt this "I've got mine, therefore everything is fine" sense of entitlement. The root of the problem is California is a very desirable place to live, and adding sufficient supply would decrease what makes California so desirable (per the local voting populaces). The solution is non existent, as you’re not going to be able to come up with more Californias, but people are accepting some pieces of it by moving to various other cities in the West.
- birdyrooster 5y agoI don’t know if not buying a house makes any difference because you are still taking up apartments that non tech people are priced out of. To quote Skyrim NPCs “Should’ve never come here.”
- jjav 5y ago> But this perpetuates the problem > Look, you're technically right. Technically right is the same as right. It is extremely difficult to change all of society. It is honorable to try. But meanwhile while waiting for that change, the OP could shoot themselves in the foot by renting, or improve life by buying.