Quote:
Originally Posted by peter12
It's kind of tough to say that when Millennials especially have far more depressing economic outlooks than their Boomer parents.
I will say from personal experience both consulting and advocating on this position that political resistance to reform in the housing market pretty clearly comes from a single generation.
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Millennials are entering their late 30's Peter, a ton of them have bought houses in those NIMBY areas, started families are interesting in increasing their asset value. Having a more depressed economic outlook doesn't mean that they don't participate in the same economic system, often foolishly. They do.
They're not as culpable as Boomers, clearly, but I'd say Gen-X is. Boomers voted for laws, Gen-X provided the gasoline and Millennial detached homebuyers are following the same mantra.