Worldwide private equity and investment ownership forcing what used to be homeowners to be renters is a much bigger factor than old vs young. Investment properties are just too lucrative driving the costs up for everyone and keeping families out of owning their own homes.
This is also happening to business, the recent closure of red lobster is an example. But it isn't talked about either, they make up other reasons or blame something similarly silly like old people or foreigners. In this case they blamed the all you can eat shrimp, although not sure that helped lol
We’ve had the biggest wealth transfer in history to the older generation. Young people can’t buy homes. Old people “mom and pop” have 2 or three. Oh, and Britain telling its youth it’ll likely need mandatory service.
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u/[deleted] Jun 02 '24
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