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So the hedge funds buying up and renting out loads of homes and/or buying land to develop exclusively rental homes has jackshit to do with housing prices? It's just the millennials fault, hmm?
millemials ate my dog
As a millennial, it's just another tick on the "X is 100% millennials fault" list.
As a gen X, yes, us existing is somehow 100% your fault.
Sounds like gen-x trying to make it to old age without taking any blame.
Boomers selling homes to corporations and you want to blame Gen X?
Gen-x selling their dead boomer parents home to their own recently established LLC
Ahh yes, cause you wouldn't do the same thing if you had the opportunity.
And btw not all of us X'ers had the glorious life you think we did. Took me 45 years to afford a house and I only could do that because I signed up to sacrifice my body and mind to the military. Not our fault you're smarter than me.
I wouldn’t. Sorry. I’m not you.
Well, good for you? But maybe making blanket statements about a whole generation isn't fair. Maybe others aren't as financially stable or morally superior and are just making the best choices they can for themselves. Or maybe they're all just assholes.
This is talking about household formation. Basically, the rate at which a population creates people who will demand housing. How they obtain that housing is not a data point. It's just basically a question of "do you want a place to call your own?" Which is why this article is so full of shit. It's basically indicating that "if millennials just stopped demanding housing, prices would go down."
So if a millennial is sitting there in their parent's house and going "fuck this, I'm getting an apartment", that's increasing this value. They don't actually need to buy a house, they could rent it, that would still be forming a new household.
It just begs the question of what the fuck is this author trying to get at? Should millennial's parents have been fucking less? Should millennial's just build a single house commune? Should millennial's just start offing themselves? This article is a giant pile of boomer bullshit.
And here I thought I couldn't afford my house because of all that avocado toast...