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Re:Low interest rates in advanced countries have pushed mone... by danny_codes on Wednesday November 24, 2021 @05:46PM (#29336085)
Eh, I don't think that's true. Maybe for older generations, but for people in their 20s and 30s I suspect the opposite is true. People want to live in cities and if they've done any research at all don't want to live in suburbia since it's a living hell.
Re:Low interest rates in advanced countries have pushed mone... by mancerayder on Wednesday November 24, 2021 @07:40PM (#29336982)
People in their 20's and 30's eventually reach their mid to late 30's and realize living as a couple with a child or two running around in an apartment, taking elevators to walk the dog or have the kids play in a park (a park probably with homeless people laying on benches if it's the parks I'm thinking of), and folding a stroller to walk down the subway is -- a giant pain in the butt.

And eventually those people visit friends or see pictures on social media of people similar to them with large back yards, land and big kitchens - and say, shit, maybe we should look into this.

As it happens, just possibly a black swan pandemic event keeps those folks indoors with their kids and dogs, with their nonplussed neighbors, children running around behind Zoom conference calls, and pictures on social media of people with houses and backyards causing massive envy...

And welcome to today.

That's the housing situation in the suburbs and exoburbs. This is BEFORE even even talk about the insanely low interest rates on offer during this time.

Re:Low interest rates in advanced countries have pushed mone... by closeparen on Saturday November 27, 2021 @12:02AM (#29357601)
If we’re going to ban things because “trust us, you don’t know your own preferences” or “you’ll change your mind later” then we’d better start with alcohol and cigarettes. Apartments would be pretty far down the list.
Re:Low interest rates in advanced countries have pushed mone... by edgyquant on Wednesday November 24, 2021 @06:09PM (#29336283)
This is mostly true in the US. There is, and has always been for the last century, a population of city dwellers who don’t care to ever own a house. But outside of the cities in the suburbs and rural areas owning your own home is seen as the thing that makes you an established member of a community.
Re:Low interest rates in advanced countries have pushed mone... by closeparen on Saturday November 27, 2021 @12:00AM (#29357588)
Living in the city only implies renting because condos are so rare, only the richest few can afford them. Allow condos to be as abundant as single family homes - what we’re asking here - and that would easily change.