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by sweaty
1672 days ago
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We definitely need to build more houses, if you look at Topotijdreis and start from around the 50s-60s, increment by 10 years until now, you'll see that we haven't built anything to house my generation. The homes that were built, are large single family homes, not starter homes. The starter homes that we're meant to move into, are still occupied by the generation that grew old in them (born 30s-40s). Those 60s neighborhoods though are now slowly disappearing and replaced with more large single family homes bought by my parent's generation, with their starter homes being rented out to afford their mortgage. The system is completely broken and most of my parent's generation have been told not to pay off their mortgage, I'm curious what will happen when interest rates rise to 5%+ (or even 10%+ like in the 80s), so many of them will be forced to sell because so many are upside down in interest-only mortgages still. Fortunately, people of my generation tend to earn better than their parents, so maybe in 10-20 years we'll see a situation it's completely turned around? Parents living with their children? There's definitely enough houses if we take ageing into account (when people born in the 30s and 40s are starting to die off) but since COVID isn't the grim reaper my generation was silently hoping for, there's nowhere for us to go apart from staying with our parents or renting for insane prices. |
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