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re: Are we at a generational housing peak?
Posted on 3/11/17 at 4:46 pm to GFunk
Posted on 3/11/17 at 4:46 pm to GFunk
quote:
Not just Millenials. But Gen Y'ers and X'ers too. They have all said the same things and the RE market and the biz surrounding home ownership doesn't seem to stop moving forward.
This time though I legit see concern bc automation is here and going to come like a freight train and take away jobs. Obviously people will still live places, but I imagine the wealth gap will expand over time and higher end areas will be fine but lower middle class to bottom properties will struggle. I hope I'm wrong I just dont see how long term we're not on some sort of basic income like bernie sanders supporters want to take care of those displaced by automation
1
Posted on 3/11/17 at 6:29 pm to dabigfella
Automation has been here for decades in manufacturing, especially in the automobile sector. More recently, Amazon has automated more and more. The economies of scale haven't brought automation to the point where it's a measurable impact on the economy at this time in terms of displaced workers. Much less measurable on home ownership amongst younger demographics.
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