[azernik]

> Investments in shares can go down as well as up.

So instead, homeowners vote for policies that make sure that they somehow get an asset that is guaranteed to go up. That's an unearned benefit, it's one that comes at our expense, and it's an expense that they sure as hell didn't have to deal with when they were getting established in the world.

[gaius]

they sure as hell didn't have to deal with when they were getting established in the world

No. Those people built the communities you find so desirable to live in, sometimes from scratch, sometimes by regenerating a dilapidated area. The value you crave would not even exist if not for them. And now that the hard work is done, you expect to waltz in and have it for the taking?

Millennials think they are the first generation ever to live through hard times. While raking in fortunes their parents and grandparents could only dream of, working for tech unicorns.

[chao-]

Most Millennials do not work for tech unicorns. Most Millennials do not even live in urban centers, most are living a very conventional suburban lifestyle.

Everyone else wants to think of Millennials as the first generation that is uniquely self-absorbed or whiney.

[michaelt]

If Google opens a campus across the road from my house, my house's value would skyrocket with no work at all from me.

[cthalupa]

>The value you crave would not even exist if not for them. And now that the hard work is done, you expect to waltz in and have it for the taking?

I thought the value was due to all of the high paid tech workers coming in with high salaries and driving up housing prices?

[azernik]

Really? How many cities were founded from scratch by Boomers? I'm in California, so let's think of the places that are having serious housing crises.

Oakland? San Francisco? Santa Monica? Los Angeles? Well before Boomers.

The small cities that are trying to bring in businesses without building any housing? Palo Alto? Menlo Park? Berkeley?

All of these places were within 25% of their current size by 1960. Boomers didn't build any of these communities from scratch; they may have grown up in them, but they're not special unique forebears that made everything around us.

[pm90]

> No. Those people built the communities you find so desirable to live in, sometimes from scratch, sometimes by regenerating a dilapidated area. The value you crave would not even exist if not for them. And now that the hard work is done, you expect to waltz in and have it for the taking?

Good luck with your desirable community as it closes itself to everyone, grows old and turns into an old-age home /s.

Just stop this characterization of all Millenials, will you? Young people are the future and they are contributing into the welfare programs that go into supporting old farts. Old farts who neglected the infrastructure, squandered billions in foreign wars and much more in toxic financial instruments and just elected the most unqualified idiot as the most powerful person in the world.

See how that kind of generalization works?

[crdoconnor]

>So instead, homeowners vote for policies that make sure that they somehow get an asset that is guaranteed to go up. That's an unearned benefit, it's one that comes at our expense, and it's an expense that they sure as hell didn't have to deal with when they were getting established in the world.

The 0.1% sure know how to get the 99% to viciously attack one other over the scraps that fall from their table.

Most assets have been going up in value. It's because of wealth inequality reaching staggering levels. It isn't because of homeowner voting patterns and it isn't the fault of homeowners. They just didn't do as badly out of this problem as non-homeowners.