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re: WSJ Piece: Young Americans Are Getting Left Behind by Rising Home Prices, Higher Stocks

Posted on 4/27/24 at 5:27 pm to
Posted by Limitlesstigers
Lafayette
Member since Nov 2019
2906 posts
Posted on 4/27/24 at 5:27 pm to
quote:

love that an entire generation views themselves as housing investment geniuses because they were able to buy reasonable starter homes in attractive areas and then got to watch their equity skyrocket over the course of their lives because they kept supporting restrictive NIMBY zoning bullshite. Now that they’ve completely strangled the attractive areas to live, their solution is to tell people to go live where no one in the several hundred year history of this nation has ever wanted to live ?


I don't know if they're generally this stupid (maybe the leaded gasoline had an effect on their ability to conceptualize things) or they're just coping with the fact that they have made a ton of mistakes running this country and don't want to admit defeat.

Every dumb take online I see on economics is either some blue haired Zoomer or a BoomerCon.
This post was edited on 4/27/24 at 5:30 pm
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
27150 posts
Posted on 4/27/24 at 5:40 pm to
quote:

I don't know if they're generally this stupid (maybe the leaded gasoline had an effect on their ability to conceptualize things) or they're just coping with the fact that they have made a ton of mistakes running this country and don't want to admit defeat. Every dumb take online I see on economics is either some blue haired Zoomer or a BoomerCon.

I don’t think it’s avoiding blame for mistakes; they already blame everyone else for the political state of their city/state/nation, anyway. I think it’s vanity. It’s very important to them that the “success” they have had is because they were particularly smart, or savvy, or hardworking, or whatever. And that’s not to say that some percentage of them aren’t right in that. But the overwhelming majority just rose with the tide, and they would rather swallow their own tongue than acknowledge that.
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