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There are 2 paths for the upcoming generation to afford houses - as the prices are unsustainable. Let's see which group politicians choose to screw over: - Old
by czbond 3y ago
There are 2 paths for the upcoming generation to afford houses - as the prices are unsustainable. Let's see which group politicians choose to screw over:
- Older homeowners, who statistically have a majority of their wealth in their home
- Upcoming generations, whom if home prices do not drop - must have their wages inflated artificially significantly to afford the homes. Which then causes more inflation
- polskibus 3y agoThey will choose to screw the upcoming generations. Because they are themselves homeowners and younger ones don’t want to vote at all, at least more often than the older. Also the older generation is larger than the young ones in most western countries.
- bluehorizon2 3y agoYou missed one important point. Hedge funds and Private equity have billions of dollars waiting to buy up houses and condos. In their eyes every condo bought a family is a lost opportunity to create another renter who had no control over the rent that the funds dictate. They will never let house prices drop far enough so that regular people can afford homes anymore.