sounds complicated
First of all, we should ask if Gen Z really does face a “housing affordability problem?”
If so, what exactly are the causes?
And what is Fed.gov supposed to do about it? Fed.gov doesn’t build massive complexes of state-owned, cement apartment buildings like the Chinese Govt - at least not yet anyway. Maybe that’s coming
So does the GOP instead just create and fund more corrupt half-measures and spending to be filtered through left-woke city governments for “affordable housing,” just like everything done in the last 70 years?
Yeah, the FedGov can step out of the way and cut taxes and red tape.
The less regulations and more money to the people will see a growing economy, the BEST way out of the current leftwing economic malaise.
When my husband and I bought our first home, our mortgage payment was 25% of our *net* pay.
Most young people are looking at mortgage payments that are 30% or more of their *gross* pay
Home prices, taxes, food, utilities, insurance...everything is a LOT more as a percentage of average pay than it was for Boomers and Gen X.
Another example is car insurance. Full coverage on a good used car cost me about $80 per month back in the day. The same policy for my kids is over $300 per month.
Meanwhile, salaries have not kept up with inflation.
And what is Fed.gov supposed to do about it?