this post was submitted on 02 Oct 2024
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Make college and homes unobtainable.. You get what you get and you don't get upset.
Is it boomers that made homes and college unaffordable? I thought it was massive corporations like Blackrock buying up every SFH they can get their hands on, and universities inflating their tuition rates.
And Boomers allowed those organizations to exist by their votes.
Boomers repealed all the laws on those guys in exchange for better returns on the 401ks and home sales.
They sold humanity to our corporate overlords, they need to be held to account.
They're so anti-socialism: Suspend Medicare for 10 years, let the system sort itself out.
I mean, in Canada, none of those things happened, and our cost of living crisis makes the average US worker look like they're making it rain in a rap video.
no it's the lack of building supply and market liquidity.
Shit like airbnb is going to have a more influential effect on the market than something like blackrock.
If America is anything like Canada, there are scads and scads of vacant mcmansion subdivisions literally everywhere that no one can afford to buy.
how is the market liquidity like in canada? I know the housing market is in a much worse state, but from i understand, it's the same problem. And if you want to argue for mid density housing, by all means go for it, i'm not against it. But at the end of the day if we built more housing, there would be more liquidity in the market, and people would be buying more houses.
Generally the market will push towards having some level of unmoved product, so it would make sense that there are unsold houses in a desparate market, people just aren't willing to pay for it. If it's too high, nobody buys anything and product simply doesn't move, which from what i understand is roughly where canada is right now.
The US has a similar problem, but it's mostly zoning and NIMBY types out here. Fixing zoning and incentivizing new building would really help.