Boomers won’t part with their homes, and that’s a problem for young families
Buying a family-sized home with three or more bedrooms used to be manageable for young people with children. But with home prices climbing faster than wages, mortgage rates still close to 23-year highs and a shortage of homes nationwide, many Millennials with kids can’t afford it. And Gen Z adults with kids? Even harder.
Meanwhile, Baby Boomers are staying in their larger homes for longer, preferring to age in place and stay active in a neighborhood that’s familiar to them. And even if they sold, where would they go? There is a shortage of smaller homes in those neighborhoods.
As a result, empty-nest Baby Boomers own 28% of large homes — and Milliennials with kids own just 14%, according to a Redfin analysis released Tuesday. Gen Z families own just 0.3% of homes with three bedrooms or more.
Corporate propaganda.
Obviously fuck boomers.
But we can't afford housing because of corporations. Not other people.
In general when other people are being blamed for your problems, it's corporate propaganda. They don't want us working together.
Funny how corporate strategy of encouraging us to squabble with each other is the same as the predominant political strategy.
What's funny is that some people still think there's a meaningful difference between government and business.
Why fuck boomers? Hating a whole generation seems a little extreme