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A comment on Architect explains why large development in LA seems to be luxury development. Parent comment

Re:Architect explains why large development in LA seems to b... by pmurT on Sunday July 09, 2017 @03:42PM (#14731310)
That is always how society works, those that existed before leverage the efforts of the young. 401k, social security, Medicare, etc

You'll benefit from this scenario at some point as well.

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Re:Architect explains why large development in LA seems to b... by aianus on Sunday July 09, 2017 @05:07PM (#14731668)
I don't find this situation comparable to those programs.

Boomers never paid any taxes on the extreme capital gains on their primary residences and I'm not holding my breath that prices will quintuple again in my lifetime. They got a huge something for nothing and the least they could do now is sell their houses at a huge profit and leave so workers with families can live closer to work.

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