this is the reason. but it makes ordinary people look greedy and awful... and we can't accept that.

despite all evidence to the contrary. half my my socialist friends who bought homes are now 100% NIMBY, because they want the value of their house to go up, and that 'value' trumps their socialist ones by a large margin.

because everyone should have housing, but not in their neighborhood! but no, it's not THEIR fault housing prices keep going up, afterall they 'made an investment' and it's not their fault that other folks aren't as 'wise' as they are...

95% of the people here screaming about housing prices not being fair, would 100% support no more development the second they owned a home, because now they are on the flip side of the equation, and everyone pursues their own self interest above all else. the 'rationale' will just go from 'housing is a right' to 'preserve the neighborhood character'.

My FIL was a life long republican (he was a standard conservative engineer type), his wife a democrat social worker, but the post 9/11 Iraq invasion flipped him to democrat and he’s stayed that was even now in his 80s.

My dad was a pretty liberal guy, got tear gassed protesting Vietnam. Taught us to distrust the police and most other authority. My mom was the democrat too but less extreme and ran school boards against republicans who wanted to defund everything.

All four voted for Reagan at least once.

So blame older people after all?🤔

Gentle reminder finish that carton of milk to not lose your investment

Generations are limited to countries or handfuls of countries. Cohorts are created by shared experiences and those experiences are rarely global. For instance in Russia the Gen X equivalent is called “the last Soviet children” and as you can imagine their experiences aren’t exactly the same as those who make up Gen X.

Gotta exercise the option and take those profits before expiry!

youre a clown

Not sure about the exact % but most people, for sure. Imagine paying 500k and then a ton of new houses get built and now it's worth only 300k and you literally pay for years just those 200k of nothingnes...

housing is supposed to depreciate. it's only an investment because we have setup our economy to make it one.

historically, housing prices inflated at the same rate as inflation did, it was not an investment. but in the 1980/90s we decided housing was going to be an investment, and hence housing prices must always go up.

in the 70s nobody expected 100% returns on their housing. now it's considered 'normal'