This is all part of the plan.
The resentment of the Boomers is real. Young people have been taught that we have ruined the planet, allowed nuclear weapons to exist, and institutionalized racism. Boomers are evil.
Now Boomers are living in large, paid off homes while Millennials and Gen X’ers can’t afford starter homes. Something must be done!
Since Government is a tool - some might say a weapon - to enforce equality, it is perfectly acceptable to raise the property tax on the Boomer’s homes and force them to move. Higher property taxes lower the value of the property making it more affordable! Yes, I have been told that with a straight face.
One of my sons often “jokes” about us selling him our house cheap so he can get out of the apartment they are in.
It is a concerted effort and it is going to get worse.
“Now Boomers are living in large, paid off homes while Millennials and Gen X’ers can’t afford starter homes. Something must be done!”
Junior and the Little Princess need to have some patience, I will croak eventually.
In the meantime, Junior and the Little Princess can savor what our very large country has to offer searching out the best income above rent difference they can get from time to time.
“Now Boomers are living in large, paid off homes while Millennials and Gen X’ers can’t afford starter homes. Something must be done!
“Since Government is a tool - some might say a weapon - to enforce equality, it is perfectly acceptable to raise the property tax on the Boomer’s homes and force them to move.”
The real limitation on the number of worker homes is the local highway capacity.
The major highway by me is pretty much past its safe transit capacity - about one person is killed in a motor vehicle incident per mile yearly.
The majority of retired folks living in their paid-up houses don’t contribute much to highway loading. I do my own cooking, mowing, landscaping and all the home repair work the law allows me to do myself.
“Millennials and Gen X’ers can’t afford starter homes”
Homebuyers and even buyer agents generally have not been educated to price housing rationally.
“It is a concerted effort and it is going to get worse.”
Current reality: $350,000 price
Goal: $200,000 price
That really isn’t practical to implement because people with $300,000 mortgages would mail in their keys Junior Bush era-style.
Next consider:
Current reality: $350,000 price
Goal: $350,000 price (after say 60% wage inflation)
This has to be implemented slowly, which is what many Democratic areas are trying to do (and which many young people find to be unsatisfactory). But many people might choose to do is to say sell their California ranch-style house for a Montana ranch.