Baby boomers are still buying expensive houses. They refused to sell any of the houses they own for anything other than top dollar. Even if the market crashes they'll just hold forever.Even if house prices dropped 30%, they're still damn near double of what they were 10 years ago. It's over.
>>62902431>Even if the market crashes they'll just hold forever.They can hold them into the grave. Which, by the way, is happening. Their inheritors then sell the house at firesale prices. Salvation will soon be at hand.
Median voter is in their early 50s.Somewhere between 10 to 15 years from now the median voter will be impacted by the housing crisis, and we'll see zoning reform and prices drop.Too late for us millennials to build wealth through home ownership or have decent housing in our adult lives but at least we can fix the mess the boomers have left for future generations even if we are screwed.
>>62902514This isn't how things work, policy has nothing to do with the desires of the electorate, and everything to do with the desires of the economic elite. If Larry Fink can't accept house prices coming down, they'll find a way to keep them high.
>>62902465>sell the house at firesale prices.Kek,No anon nope Millennials will just move into those houses and never sell.
