So I was listening yesterday and the reported says something like… Young people have a hard time getting a mortgage because the older generation has low mortgage rates…blah blah…but now they’re all loosing jobs, getting sick etc so “that will unlock housing or mortgages” something annoying like that.
Well yeah. It happens every generation. Until I suppose nobody can make enough money to rent either much less have a mortgage. I much rather hear about mortgage rates coming down after another happy CEO event. Yeah fucking unlock that shit please!
The problem is two fold. The boomer generation is spending more of their money and leaving less for inheretence.
There was a great article I saw the other day but I can’t find it now.
https://www.usatoday.com/story/money/2024/08/31/gen-z-boomers-inheritance/74908414007/
https://archive.ph/8gycC