Article
Generation Rent 🏠
For Baby Boomers, buying a house was a standard milestone. For Millennials and Gen Z, it is becoming a fantasy. Home prices have skyrocketed faster than wages.
Why? 'Supply and Demand'. We aren't building enough homes.
- NIMBYs (Not In My Back Yard): Local homeowners who block new apartments to preserve 'neighborhood character' (and their property values).
- YIMBYs (Yes In My Back Yard): Activists fighting for zoning reform and density.
- Corporate Landlords: Big firms buying up starter homes.
The result is 'Gentrification' and homelessness. Cities are becoming playgrounds for the rich.