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> It's ridiculous, GenZ has just realized they don't want to participate in the racket and I don't blame them. It's not that they don't want to participate in
by SecretDreams 1y ago
> It's ridiculous, GenZ has just realized they don't want to participate in the racket and I don't blame them.
It's not that they don't want to participate in the racket, it's that the racket literally can not sustain them. Older gens participate in the racket because most of them locked in housing or rents from an era where the racket could support those prices. Gen Z has much higher housing costs that make "the racket" untenable, despite the racket still working fine for older millenials just fine. Housing costs exploding, among other things, has ruined the ability of an entire generation to really thrive or ever have a chance of doing better than their parents.
- rurp 1y agoWait, how many people have rents locked in from a previous era? The vast majority of rental agreements I'm aware of renew every year or so and the landlord is free to charge market rate at that point. Older generations get hit with high rent the same as Gen Z. No argument on housing prices. It's crazy how high they are in a lot of cities relative to the median salary.
- jandrese 1y agoRent controls exist, although they're mostly a legacy thing now.
- SecretDreams 1y agoYes.. and who benefits most from favourable legacy policies? Older gens.