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re: The ‘growing crisis of the young American male’ could send home prices falling for years
Posted on 4/3/24 at 12:45 pm to Sam Quint
Posted on 4/3/24 at 12:45 pm to Sam Quint
quote:
definitely not going to accuse you of being a socialist, lol. your post was good, and i appreciate your perspective. didnt mean to come across like i was calling you out either. i do think my point still stands though that boomers and older millenials have been buying property to rent out forever though, so i dont see how it's suddenly part of the crisis. maybe i'm just not dialed in on the topic that well.
No worries I didn’t take any sort of offense. I guess my point is that the issue of these independent investors buying up homes coupled with the flood of subsidized immigrants and private equity buying homes has led us to this point. But I really do believe that immigration and big business has had a much more negative affect on overall housing inventory than independently wealthy people. We haven’t even talked about debt amongst people my age which is another big factor. I lived at home for 3 years out of school paying off my loans, it wasn’t fun but I’m glad I did it. So I do empathize with other men my age struggling to get their slice of the ever dwindling American dream. I’m in a much better financial situation than most of my friends in the area so I see a lot of this stuff firsthand.
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