> It is based on them (you) driving up property prices and basic goods availability.
Sounds like where I am now. Near as I can tell, nobody wants my generation to settle anywhere, because we "drive up" property prices. Like we want to pay $1M for a home, or had any hand in the local zoning idiocracy.
The problem is people having the audacity to want to choose where they live and buy a house there? It was reasonable to do that if you were born more than 35 years ago, but if not, you're just out of luck?
No, that's perfectly sensible. Unless you were born in a poor area, I guess, in which case fuck you, you don't get to choose where to live OR buy a house there because all the rich people from out of town are driving you out of your own city.
But that's fine, poor people shouldn't be alive anyway.
At some point, there simply isn't going to be much choice; I have a job that now requires space for a home office, and at some point, a family will require space, and it can only be delayed so long. Rent goes up year after year without so much as skipping a beat for the pandemic, and so it might, in some ways, be nice to put that into equity — even equity that might crash — rather than just continuing to enrich my local landlords.
There isn't choice? That makes it sound like you're forced to spend 1M on a home. There are people with families and space requirement who don't even have 10k, let alone 1M. What choice do they have?
The issue isn't that rich people buy homes in rich areas, it's that they buy homes in poor areas and poor people can no longer afford to.
Demand is a group phenomenon; anyone who participates in the act of desiring a house drives up the prices. It’s not just the buyers, and certainly not just a particular age group of buyers.
The folks driving up property prices are the speculators/flippers/airbnb buyers. Nothing wrong with moving into a space if you're going to live there full time.
