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A comment on Housing can’t both be a good investment and be affordable. Parent comment

Re:Housing can’t both be a good investment and be affordable by Mtinie on Friday November 02, 2018 @11:08PM (#18368458)
The count is less important than the buying power.

Millennials, as a group, have significantly less buying power than their Baby Boomer peers at the same point in their lives.

One source, but eye-opening if you can believe/trust the underlying data:

"Only a third of millennials own their own home, compared with almost two-thirds of baby boomers at the same age. It will take a millennial on average 19 years to save for a deposit, compared[0] with three years in the 1980s. A third of millennials will, it is predicted, have a lifetime of renting with less space, poorer conditions, longer commutes and more insecurity than the baby boomers experienced."[1]

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[0] https://www.resolutionfoundation.org/publications/home-impro...

[1] https://www.theguardian.com/society/2018/apr/29/millennials-....

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Re:Housing can’t both be a good investment and be affordable by psergeant on Saturday November 03, 2018 @05:43AM (#18369414)
We’ve also not convinced our peers to vote in anywhere near the numbers that the boomers do.
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Re:Housing can’t both be a good investment and be affordable by WalterBright on Saturday November 03, 2018 @05:53AM (#18369442)
The boomers didn't vote when they were young, either.
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Re:Housing can’t both be a good investment and be affordable by amanaplanacanal on Saturday November 03, 2018 @02:54PM (#18371832)
I'm a boomer myself, but I absolutely hope that this can be turned around. Higher voter participation from your generation could do much to reverse some of the really bad stuff that my generation has done.
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