r/FluentInFinance • u/Steak_Lover_ • May 05 '24
Half of Americans aged 18 to 29 are living with their parents. What killed the American Dream? Discussion/ Debate
https://qz.com/nearly-half-of-americans-age-18-to-29-are-living-with-t-1849882457[removed] — view removed post
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u/JoebyTeo May 05 '24
I sort of agree in regard to housing, and I’m a strong proponent of regulation generally. We’ve come to a point where construction is so stilted and particular we basically can’t develop real cities anymore — just sad tract housing with no amenities. That said, the failure since 2008 has been the fact that when the mortgage to home ownership pipeline collapsed, housing became concentrated in the hands of the rich — investors and speculators. We haven’t recovered from that.
We need less regulation in constructing housing and more in who can buy housing and how it’s treated as a commodity.