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idlehand | 3 years ago

Absolutely right. Unfortunately, this won't come to pass. Housing is the one point of leverage my parents generation have over my generation. It will be the leverage of my generation over my children's generation.

By keeping homes scarce, we create an asset class that old people naturally have more of, since they bought in earlier.

And we will need all the leverage we can get when every working age person has to support one or more retired people.

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