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.
Boomers are not the enemy. Corporations are.
Who is the main age group fighting against progressive policy of action against corporations? Boomers
They have got you chasing a red herring by being obsessed with the age of people instead of their beliefs. There are reactionary fascists in all age groups, new young generations of fascists are being hatched right as we speak. It isn’t the age of the individual which perpetuates it, there are far more wide reaching factors involved.
Pretty much everyone on both sides. Leftists hate action on housing because developers can make some profit providing housing for people