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Not sure why a new generation would change anything. It seems like it is homeowners vs non. The millisecond someone acquires property, it is in their financial
by fbdab103 3y ago
Not sure why a new generation would change anything. It seems like it is homeowners vs non. The millisecond someone acquires property, it is in their financial interest to protect it as an investment.
- sam0x17 3y agoNot if their first impulse is to sell it and then build a house. Now we have two houses, which does what to the price? Oh, makes it go down. And if they're building a house, their voting and lobbying at least for a few years will be in line with keeping construction costs down.
- MattGaiser 3y agoAnd millennials are majority owners now. https://thehill.com/homenews/3939854-half-of-millennials-now-own-homes-new-data-finds/ https://thehill.com/homenews/3939854-half-of-millennials-now...
- sam0x17 3y ago"on a 30 year mortgage that you can't afford and could disappear if your employment situation changes" != "owning a home"
- MattGaiser 3y agoSame incentive to keep the price up. Being underwater on a home that you owe more to the bank on also sucks.
- sam0x17 3y agobut if they're underwater, they aren't exactly lobbying, they're just people with no voice beyond whatever candidates corporate america has put on the menu of the day
- deleted 3y ago[deleted]
- jmye 3y agoWhich is, of course, a data-less assertion that appears nowhere in the linked article. Or do you think Millenials as a whole are completely helpless and too stupid to properly assess mortgage terms?