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re: WSJ Piece: Young Americans Are Getting Left Behind by Rising Home Prices, Higher Stocks
Posted on 4/28/24 at 9:42 am to Joshjrn
Posted on 4/28/24 at 9:42 am to Joshjrn
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
You do realize that they came of age in the 70s when we had stagflation? And had to face double digit interest rates?
Still better than now in terms of housing, since affordability is the worst in history, but that's the fault of Blackrock.
Stocks don't belong in the discussion. There's never a bad time for a young person to jump into the market. If it doesn't grow in the long run they're boned anyway.
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