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> Usually this is rebutted with a reference to apparently skyrocketing housing costs, thankfully the author addresses this shortly after. Does he, though? He o
by kstenerud 3y ago
> Usually this is rebutted with a reference to apparently skyrocketing housing costs, thankfully the author addresses this shortly after.
Does he, though? He only mentions how much gen-z is SPENDING on housing and education, not what they're actually getting for their money. Most gen-z I know have given up on home ownership, and those who did buy are buying some pretty shitty parcels at exorbitant prices. They're also choosing less expensive education options.
But the main assets that most people build from (housing and education) are either not there or less effective...
- xvilka 3y agoRight, buying an apartment in a big metropolis where all jobs are is often beyond capabilities of a single worker (mortgage aside). No matter the country even.
- bryanlarsen 3y agoPerhaps boomers were able to do so before the age of 25, but that seems unlikely even for that privileged generation. It definitely wasn't so for any subsequent generation. Gen-Z isn't worse off on this measure.
- HDThoreaun 3y agoUnder 25s have never been buying homes in mass.
- kstenerud 3y agoMy parents did, as did all their friends. All blue collar workers in the early 70s.
- HDThoreaun 3y agoSome white people did for a couple decades in a very small region. No one else.
- kstenerud 3y agohttps://en.wikipedia.org/wiki/No_true_Scotsman https://en.wikipedia.org/wiki/No_true_Scotsman
- HDThoreaun 3y agoIm just saying that this was not a reality for 99.99999% of humans to ever live.