this post was submitted on 17 Jan 2024
396 points (82.1% liked)

News

23376 readers
2264 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] saintshenanigans@programming.dev 153 points 10 months ago (5 children)

Idgaf about the boomers who want to grow old in the homes they bought. Thats their right as a homeowner. I care about the airbnbs, unskilled flippers, and the corps trying to turn America into a "renters market"

[–] ohlaph@lemmy.world 38 points 10 months ago (1 children)

Exactly. My parents are boomers and own one house. But my sister and her son live with them, so they are utilizing their space.

It's the corporations that own several rentals, complexes, etc that drive rent and house prices up. Can't compete with their practices .

[–] creamed_eels@toast.ooo 10 points 10 months ago

I read the disaster insurance in some states are so outrageous or even unobtainable, so private citizens can’t even get a mortgage (no insurance, no loan) anymore-assuming they could afford one to begin with. The only ones who can afford to outright buy in some places are corporations and foreign interests. It’s fucking trash.

[–] captainWhatsHisName@lemm.ee 31 points 10 months ago (1 children)

There are so many “boomer bad”, “genx vs millenniall”, “zoomers are lazy” stories lately. Seems like they got tired of just pitting races against each other and moved onto fake generational conflict. This way we don’t notice what the billionaires are doing to all of us. Meanwhile the 5 richest billionaires doubled their net worth.

[–] negativeyoda@lemmy.world 2 points 10 months ago

GenX here. I'm shocked someone remembered us. We're not even mentioned in the synopsis

[–] dipshit@lemmy.world 16 points 10 months ago

This. it’s ok to own a home. It’s ok to rent a home. people need places to live.

What’s not ok is being a slumlord.

[–] MaoZedongers 15 points 10 months ago (1 children)

yeah kinda feels like the corporations trying to push a bogeyman to distract us.

[–] shasta@lemm.ee 6 points 10 months ago

No, just a writer with nothing to write about. This article is seriously summed up as "omg people are choosing to live in the homes they bought, wtf??!"

[–] mojofrododojo@lemmy.world 4 points 10 months ago

These fuckers too - price hiking people out of rentals is a policy. The encourage evictions instead of negotiation. it's fucked.

https://www.businessinsider.com/real-estate-apartment-rent-price-setting-landlords-realpage-lawsuit-illegal-2023-11