What I really don't understand is all the people who in the next post tomorrow will mock China's oversupply of homes. "Haha, stupid dictators who oversupplied the market. Their investors are all screwed because the homes didn't go up in value."
Is there an obvious answer to her question? Why did they think they/we aren't doing it?
too much phone, not enough struggling with PDF
Some think "younger people" shun the responsibility property brings with it. And obviously that we spend our money on traveling, Netflix and expensive gadgets instead.
Don't you know, if you cancel Netflix you can afford to buy a new house or car!
As a GenX this narrative that Millenialls aren't buying homes is weird.
Of the people born in 1970 about 41% of them owned a home by the time they were 30. Of the people born in 1990 some 43% of them owned a home by the time they were 30. Millenialls are actually slightly ahead of where GenX was at the same age!
GenZ shouldn't really be a discussion as most of them simply haven't reached "home buying" age yet.
https://www.apartmentlist.com/research/homeownership-by-generation
It’s true. I am boycotting all the things I can’t afford, as well as all the things I can afford but no one has given me a good reason to buy.
Because then they can't tip their landlords, of course! /s
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