You’re missing the point here. They’re largely rich because of their access to real estate speculation. The housing crisis happened because of real estate speculation. They built their wealth via the very means that disadvantaged their children. They probably didn’t realize it at the time, but it’s become glaring obvious now and they can’t really deny it, so they cope culturally by demonizing their children. Again, Trump pretty much said it out loud. His base is mostly white boomers who mainline Fox News. If you build more housing, housing prices will drop, that’s bad for white boomers, but it would be good for broke ass millennials and Gen Zers. But boomers fight tooth and nail to prevent new housing to protect their property values. A lot of them aren’t even subtle about it.
If you build more housing, housing prices will drop, that’s bad for white boomers, homeowners, but it would be good for broke ass millennials and Gen Zers. renters. But boomers homeowners fight tooth and nail to prevent new housing to protect their property values. A lot of them aren’t even subtle about it.
In and other western states homeowners tend to be older. However using age as a proxy for a class dynamic is inaccurate.
Trying to absolve American Boomers for their reactionary tendency is akin to Libs claiming that the only problem with Israel is Netanyahu, ignoring that the Israeli people enthusiastically vote for him and support his genocidal policies. Groupings of people can just be reactionary as fuck do to their economic position.
Groupings of people can just be reactionary as fuck do to their economic position.
maybe explicitly name the class dynamic at play instead of using generational politics as a bad proxy. Homeowners are generally reactionary due to their class interests. Honeowners tend to be older. There is no magical brain change which makes one reactionary upon reaching a certain age.
Similarly israelis are generally reactionary due to their material conditions as active settlers within the political economy of Zionism. Not due to any magic quality of theirs as the antisemites would imply
You’re missing the point here. They’re largely rich because of their access to real estate speculation. The housing crisis happened because of real estate speculation. They built their wealth via the very means that disadvantaged their children. They probably didn’t realize it at the time, but it’s become glaring obvious now and they can’t really deny it, so they cope culturally by demonizing their children. Again, Trump pretty much said it out loud. His base is mostly white boomers who mainline Fox News. If you build more housing, housing prices will drop, that’s bad for white boomers, but it would be good for broke ass millennials and Gen Zers. But boomers fight tooth and nail to prevent new housing to protect their property values. A lot of them aren’t even subtle about it.
If you build more housing, housing prices will drop, that’s bad for
white boomers,homeowners, but it would be good for broke assmillennials and Gen Zers.renters. Butboomershomeowners fight tooth and nail to prevent new housing to protect their property values. A lot of them aren’t even subtle about it.In
and other western states homeowners tend to be older. However using age as a proxy for a class dynamic is inaccurate.
Boomers account for 41% of home owners, Millennials are only at 21%
Boomers voted for Trump by 56%.
Trying to absolve American Boomers for their reactionary tendency is akin to Libs claiming that the only problem with Israel is Netanyahu, ignoring that the Israeli people enthusiastically vote for him and support his genocidal policies. Groupings of people can just be reactionary as fuck do to their economic position.
maybe explicitly name the class dynamic at play instead of using generational politics as a bad proxy. Homeowners are generally reactionary due to their class interests. Honeowners tend to be older. There is no magical brain change which makes one reactionary upon reaching a certain age.
Similarly israelis are generally reactionary due to their material conditions as active settlers within the political economy of Zionism. Not due to any magic quality of theirs as the antisemites would imply
It would be great if all problems where just boomers because than we would just have to wait for a few decades and shit would just sort itself out.
Where did I say boomers were the cause of ALL our problems? I said they were the primary culprit in the housing crisis, which they are.
There was really no shortage of speculation opportunities in the last few years either.
The 2008 crisis happened due to subprime mortgages.
Building more market rate housing doesn’t really bring down prices by significant amounts.