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So blaming boomers is partly a lie from this generation. Yes, there are corporations buying houses en masse, but the video mentions how millennials and gen Z a
by mgh2 5y ago
So blaming boomers is partly a lie from this generation.
Yes, there are corporations buying houses en masse, but the video mentions how millennials and gen Z are owning homes short term and treating them as investment products (quick money), a behavior which concords with current trends: meme stocks, crypto, FIRE, influencers, etc.
- mgh2 5y agoDon't just downvote for presenting contradictory evidence to the general sentiment. Please provide proof to refute the argument and create constructive discourse & criticism to discover the truth.
- vinyl7 5y agoWe can blame boomers for owning 2+ properties and their NIMBYism
- gbear605 5y agoWhich Gen Z people are doing this? The oldest of them are 26 and don’t exactly have a lot of capital to spend on houses. Your explanation for why millennials can’t afford homes is that… other millennials are buying all of them up?
- mgh2 5y agoGen Z, not sure...maybe crypto. Millennials partly yes, especially the high earners who can afford it and therefore treat them as investments instead of homes, not for living, but for profit (flipping, renting, etc.). And coincidentally, this demographic shapes the narrative, employed by big tech's ad industry...