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

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Spoken like a true boomer who paid less than $1000 a semester for college

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Boomer here confirming this. Hell, LSU was only $500 / semester in the mid-80's when I was there. But guess what youngster? I didn't pay a dime for it as my employer did. Why did they do that? BC I worked my arse off for them. Took me a few extra years but I worked my way through college. And had no student loans.

And when I got out of school, I immediately got a part-time job even though I did well in technology. I held one of these doing various things such as teaching college, consulting, and buying / flipping houses. Until kids came along. To give all you boomer blamers another target to sky scream at, I'll say the inevitable "I got mine, you all get yours".

However, I do know that times have changed and the housing market is fundamentally different than it was 30-40 years ago. I'm aware of how housing costs are dramatically higher vs income. Why is this? Interest rates are coming up to normal typical levels, corp buying, oh and maybe the fact that the average house size is much larger than years ago. And the bar for minimal luxury must include granite countertops, ceramic tile baths, etc., etc.Developers can't build a starter home, no-one would buy it.

I believe younger buyers do have it worse. The question remains, what policies would effect meaningful change?