I think what fucks over our generation most is the cost of housing, which is a big step in becoming self-dependent.
A 20-something person getting their own place (meaning not renting) is pretty unrealistic (even in last 5 years, housing prices pretty much doubled here in Europe, while wages went up maybe by 10%).
Yeah, some of that can be attributed to house flippers. People with the cash and credit buying up the cheaper starter homes and "rehabing" them, often time asking more than 150% of what they bought it for with their substandard work and a coat of grey paint.
Thanks HGTV.
Also doesn't help that for about a decade new construction ground to halt and now everything new is either an apartment complex or starts at a price point for 2 income families of moderate salaries.
at least stateside, and this varies wildly from region to region.
Here in Europe, a lot of "damage" was done by boom of AirBnB and similar services. People with free cash bought up all the apartments, and were leasing them out through these services (sort of undermining the whole original idea of it, just like with Uber).
You don't even see any "rehabing" going on.
But of course, the absence of new constructions or zoning for residential plots is where the problem is as well
AirBnb is another factor.
I've used the service a few times when working, cheaper than a hotel for a month or longer. But now so many are very shady. Lots of Airbnb hosts live in garage or living room apst built into the property, rent out the bedrooms, very hostel like atmosphere.
Is lack of zoning for residential usually framed for environmental reasons?
I think what fucks over our generation most is the cost of housing, which is a big step in becoming self-dependent.
A 20-something person getting their own place (meaning not renting) is pretty unrealistic (even in last 5 years, housing prices pretty much doubled here in Europe, while wages went up maybe by 10%).
Yeah, some of that can be attributed to house flippers. People with the cash and credit buying up the cheaper starter homes and "rehabing" them, often time asking more than 150% of what they bought it for with their substandard work and a coat of grey paint.
Thanks HGTV.
Also doesn't help that for about a decade new construction ground to halt and now everything new is either an apartment complex or starts at a price point for 2 income families of moderate salaries.
at least stateside, and this varies wildly from region to region.
Here in Europe, a lot of "damage" was done by boom of AirBnB and similar services. People with free cash bought up all the apartments, and were leasing them out through these services (sort of undermining the whole original idea of it, just like with Uber).
You don't even see any "rehabing" going on.
But of course, the absence of new constructions or zoning for residential plots is where the problem is as well
AirBnb is another factor. I've used the service a few times when working, cheaper than a hotel for a month or longer. But now so many are very shady. Lots of Airbnb hosts live in garage or living room apst built into the property, rent out the bedrooms, very hostel like atmosphere.
Is lack of zoning for residential usually framed for environmental reasons?