Quote:
Originally Posted by blankall
It's at an extreme right now. Look at the housing market. I've never heard of anything like this. Empty nesters propping up their house values and expanding their portfolios, while knowingly shutting out younger generations from the market. And no it's not in their best interest. If young people can't afford to have kids, then there's no one left to provide the labour necessary to provide aging boomers with health care.
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Home prices are where they are because of monetary policy.
Give bank multiple billion dollars, they're going to lend it out. And cheap.