Housing is at the root of many of the rich world’s problems (2020)

Re:Housing is at the root of many of the rich world’s proble... by refurb on Wednesday August 17, 2022 @06:50AM (#32494559)

I think young generation needs to engage in the politics with the uncompromised goal to crush the housing price

At least where I live, the “bank of mom and dad” either use their home equity to help their kids buy OR the kids are banking on getting the family home when they die.

We’re in too deep now. We basically painted ourselves into a corner where the economic engine is so intertwined with rising home prices that nobody wants the gravy train to end.

My best guess is tenancy laws change to be more and more in favor of tenants (SF, NYC) securing near permanent housing for current renters and massively disincentivizing an increase in supply of new rental units., completely screwing over those that come later.

Basically kicking the can down the road another few decades.

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Re:Housing is at the root of many of the rich world’s proble... by _aavaa_ on Wednesday August 17, 2022 @10:05AM (#32496561)

> We’re in too deep now.

We're never going to be less "too deep". Kicking the can down the road condemns future generations to dealing with a worse problem.

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Re:Housing is at the root of many of the rich world’s proble... by onlyrealcuzzo on Wednesday August 17, 2022 @10:42AM (#32497091)

If you think we're in too deep, you should check out China.

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Re:Housing is at the root of many of the rich world’s proble... by pochekailov on Wednesday August 17, 2022 @06:54AM (#32494582)

I'm an immigrant :).

Banking on your family dying - this is like saying "I am a worthless loser". I want old generation to live eternally, and still afford housing.

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Re:Housing is at the root of many of the rich world’s proble... by lotsofpulp on Wednesday August 17, 2022 @06:57AM (#32494601)

If the old generation cannot work for eternity, what would be your solution to a declining labor participation rate?

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Re:Housing is at the root of many of the rich world’s proble... by pochekailov on Wednesday August 17, 2022 @07:01AM (#32494627)

Rejuvenation and life-extending technologies to keep labor energetic forever.

Industrial and maintenance automation for needing less labor.

Relying on next generation to fund your retirement is ok if you live modestly; but not ok if you live luxuriously.

Working person should not be doing worse than a non-working person; otherwise you have an extractive economy and social instability.

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