Doom Debt
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A couple of issues:
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A bad credit score doesn’t just stop you from buying a house, it can affect rentals, phone contracts, all kinds of things.
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It’s nonsensical to think an entire generation will never be able to afford a home. What happens when the boomers and gen xers die? They’re just going to sit empty? They’ll all be converted to rentals?
Why not become huge YIMBYs as a generation? Eventually you’ll beat us old guys in elections. Remember, homes are expensive due to policy choices.
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A couple of issues:
-
A bad credit score doesn’t just stop you from buying a house, it can affect rentals, phone contracts, all kinds of things.
-
It’s nonsensical to think an entire generation will never be able to afford a home. What happens when the boomers and gen xers die? They’re just going to sit empty? They’ll all be converted to rentals?
Why not become huge YIMBYs as a generation? Eventually you’ll beat us old guys in elections. Remember, homes are expensive due to policy choices.
It’s nonsensical to think an entire generation will never be able to afford a home. What happens when the boomers and gen xers die? They’re just going to sit empty? They’ll all be converted to rentals?
I remember reading something about how there would be a down trend in housing prices for a long time. As the US becomes more of an aging country, the available single family houses will be greater than the demand.
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