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Cheap housing? Oooh noooo. All the boomers who bought up multiple homes as an "investment", to extract rent from younger generations, will get hosed? Oooooh n
by lupusreal 3y ago
Cheap housing? Oooh noooo. All the boomers who bought up multiple homes as an "investment", to extract rent from younger generations, will get hosed? Oooooh nooooo.
- rich_sasha 3y agoSomehow, I suspect, people who can't afford houses now will still somehow be fucked. Not sure how but still.
- rickydroll 3y agoFor housing to be affordable, the rule of thumb is the monthly cost needs to be about 1/3 of your (net? gross?) income. so either housing costs need to come down or your income needs to go up. We get screwed when we have no real leverage to increase income. You can grow it somewhat by job hopping, but even that has limits as you age. Even if you save and invest, divorce and medical bankruptcy will fuck you over.