4 ms·
Majestic take. More than likely, the ones that "made it" are staying where they are, having bought whatever property they've been able to and are now renting i
by antiverse 4y ago
Majestic take.
More than likely, the ones that "made it" are staying where they are, having bought whatever property they've been able to and are now renting it out to the Gen Z'ers to pay it off. The older generation, wisely, realizes there's no future there and have ended their rental terms to go elsewhere where they can actually afford to buy something, not having gained any real estate ownership of their own.
Calling Gen Z'es "hungry" in this instance is, God bless their hearts, insulting to common sense and rationality of things at play here.
- jethro_tell 4y agoI think there's a middle ground. I'm sure gen Z is hungry. Good chunks of every generation are, on the other hand, counting rental applications is a little odd. There's a good chunk of millennials that are settled. They aren't moving in or out. an 8% drop for a generation that is about to turn 40 during a 2.5% interest rates seems a lot like a few people collected the cash to buy the homes and aren't renting any longer. But we'll never know because this is a single stat in a whole sea of stats regarding housing by generation. *edit, I mean, we could know, we could go out there and find meaningful data to get a full picture of what's going on but I don't really care that much. Just saying that looking at one stat and crafting a wonderful narrative is pointless.
- onlyrealcuzzo 4y ago> The older generation, wisely, realizes there's no future there and have ended their rental terms to go elsewhere where they can actually afford to buy something, not having gained any real estate ownership of their own. Wise > No Future > Makes biggest investment there anyway. Does not compute.