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The article blames Millennials because it's the largest generation in terms of headcount, and then spends the rest of the time discussing how Millennials were fucked over. Interesting take... I wonder if they know how to actually apportion blame.
Ya it’s totally millennials and not the investment firms buying everything up with cash. Brilliant article!! Gaslighting at its finest.
You've got cause and effect backwards there.
Because of boomer NIMBYs and the great recession causing a massive undersupply of housing, and the size of the millennial generation causing a huge increase in demand, housing is a great investment. NIMBYs will ensure housing supply stays low for the foreseeable future, keeping it a good investment.
Because it's a great investment right now, investment companies are buying housing.
You joking? I can’t afford a house lol. Don’t blame the millennials. Blame corporations and ban companies from owning residential property.
Fucking generational bullshit.
Nothing to see here, it’s just the mouthpiece of the financial institutions blaming the latest scapegoat for its greed and wrongdoing.
So, I'm working on organizing political action at the local level to push for pro-housing policies, better urbanism, and better walkability/biking/public transit. I want to see the cost of living in the US be realistic again, and I think that lots of us getting involved locally and beating out the NIMBYs can get it done. There's going to be a lot of pushback because it's going to bring property values down to a kind of remotely realistic figure, but what's the thing that high minded capitalists like to say? Caveat emptor? Get rekt private equity fucksticks.
According to the U.S. Census Bureau, the total number of Baby Boomers (born between 1946 and 1964) was 76.4 million. The total number of Millennials (born between 1981 and 1996) was 72.2 million.
When did we become America's largest population ever if boomers had more than us? What am I missing here?
Got paywalled on mobile so haven’t read the article yet, but could be about survival rates to adulthood? Largest adult population rather vs most babies born? Not particularly well framed either way.
After way too much research into this topic yesterday I can only conclude they are counting immigration data into the millennial side of things. They weren’t born here, but they are here now and of the age to be considered millennials, and they are technically American now, so it adds up to the biggest American generation ever.
Lots of technicalities in it, though!
The only people buying this bullshit are boomers.
we should probably talk about journalist running around setting fires everywhere for a pay cheque and then walking away. Every day I'm met with these article's telling me to hate another group. Its a bit out of hand
The only group I hate are billionaires.
Cool, what's your opinion of AI. Did you know its a pedophile. Figuratively its coming for our children. Seems to be the trendy appeal this generation to convince people to feel certain ways against things.
https://www.washingtonpost.com/technology/2023/11/05/ai-deepfake-porn-teens-women-impact/
Well let’s see. The owners of AI are billionaires. Therefore nothing good can come from AI as billionaires like to destroy everything
No way.
What about immigrants. They're hurting the poor.
with all that unlimited millennial money