• WaxedWookie@lemmy.world
    11·
    1 year ago

    If you look at the data, the problem is objectively not young people.

    I’m about to buy a house in a market where median property value has risen 6x faster than median income since the 70s, meaning I’m being lectured by people who took out a 30 year mortgage to pay off what I’ll have to drop as my deposit (relative to median income). I’m also bidding against the beneficiaries of that capital growth now that they’re downsizing, and my generation’s survival relies on us paying to correct the environmental vandalism they’ve done too.

    This is intergenerational class war that’s stomping the brakes on the economy as the majority pours everything they have into keeping a roof over their heads. I’m glad you managed it, but things are dark, and we should be doing better.

    • SaakoPaahtaa@lemmy.world
      210·
      1 year ago

      Thanks for the good comment!

      If you look at the data, the problem is objectively not young people.

      Never said it was.

      I’m about to buy a house in a market where median property value has risen 6x faster than median income since the 70s

      Glad that’s on you radar and you seem committed to it! But is it necessary to buy a property from exactly where the prices have skyrocketed like that? Maybe you do due to work-related issues or something that I don’t know and doesn’t really concern me, but it’s something to think about. Though the folk in this thread have made it look like Finnish property prices have stagnated since the war, that is not the case it some areas where the pricing is absurd but I just didn’t move there, simple as.

      I’m also bidding against the beneficiaries of that capital growth now that they’re downsizing

      That’s true and I wish you the best of luck in beating them. Just think of the mad landlord who got fucked over by a millennial scrub and you’ll get to sleep your nights good.

      This is intergenerational class war

      I wouldn’t perhaps go that guillotinie on it, but yeah, what motivates me is causing trouble and havoc among the people I dislike, landlords being one of them. And if I won the bidding war for this house against someone looking to rent it, I know my cock will stay hard for years to come, and I can’t wait to do it again, and I will no matter what encourage people to try to do it too.