this post was submitted on 21 Jan 2024
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Work Reform

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A future-of-work expert said Gen Zers didn't have the "promise of stability" at work, so they're putting their personal lives and well-being first.

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[–] AngryCommieKender@lemmy.world 46 points 9 months ago (1 children)

Well interest does come into it. Y'all can't afford the interest payments on the loans you'd need. Can't even find a decently priced used car.

[–] tigerjerusalem@lemmy.world 24 points 9 months ago (2 children)

Oooh, cool word play! I like it.

Also, I find it funny* that we somehow can afford rent but are not qualified to pay a mortgage with monthly payments that costs the same.

*enraging

[–] chrizzowski@lemmy.ca 11 points 9 months ago

I think this is a huge part of the problem. Rental property owners are just a liability buffer for the banks. There should be mortgages at a 1% down payment for first time buyers with a proven track record of making rent payments on time. Maybe the rates are a little higher, with the extra interest giving the banks motivation for taking on the extra risk. Then after the first term the owner can renew with a normal rate.

Doesn't help with the demand issue, but maybe all the rentals will flood the market after nobody is being punished for not having $100k laying around because they're busy paying someone else's carrying costs.

[–] Mango@lemmy.world 3 points 9 months ago

We can afford rent?