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Originally Posted by mr. tegu
I don’t think it’s the fault of generations at all. Prices for starter homes from 50 years ago would always go up, especially those that remain in good areas. Less supply in an area means higher cost. So think a lot is just natural. But it’s exacerbated by conglomerates buying up properties and even average people renting out properties, whether it’s ones they inherited or their own that they purchase for renting out. Now, why smaller single family homes aren’t built in more desirable areas I assume just comes down to profits, but I’m sure there are other factors. I think most DoorDash and new iPhone people are probably not in the market at all.
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The generation that benefitted from those starter homes shut the door behind them. Practically made being against any new housing being built anywhere a lifestyle. City Council meetings across the country month after month year after year the only thing people are truly passionate about is making it impossible for others to have a realistic shot at housing.