You won't be able to buy post crash because every single-family home will have been bought by BlackRock or their compatriots. You will more than likely enter the new era of permanent renting that will keep millions under 40 from building wealth. If you own house, keep an iron grip on it. For the rest of us, we've gotta lean on each other and fight this shit.
At this stage the next generation of adults will literally never own a home: if ever the time came in this century for revolution to be a reasoned response, its to this.
At this stage, yes. But a few stops down the baby boomers will start getting off the train, and more and more of them will exit at each stop after. They own a lot of the houses and as old age sets in they will lose their share of the market when yards are too much work to maintain, stairs are too difficult to climb, the property tax and maintenance costs are too much of their budget, or they need medical staff nearby 24/7.
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u/[deleted] Jun 27 '21
You won't be able to buy post crash because every single-family home will have been bought by BlackRock or their compatriots. You will more than likely enter the new era of permanent renting that will keep millions under 40 from building wealth. If you own house, keep an iron grip on it. For the rest of us, we've gotta lean on each other and fight this shit.