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by GodelNumbering
7 days ago
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> undeniably a little cool that luxuries got cheap, but it's severely un-cool that necessities got expensive Well said. Being told that 'you should be happy without owning' to a party that can't afford to own by another party who is actively scooping up the same resource can feel extremely invalidating. My personal take is that a lot of support for contemporary political extremism in many countries comes from the fact that a significant portion of population is pissed off and see no realistic chance of the 'settle down and thrive' life, not because they are racist/prejudiced or whatever (although labeling them as such only makes things more extreme) |
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It's not really coming from those though? At the same time that housing costs have ballooned, we've also had a significant migration back to cities. When a larger % of the population are living in high density locations you are going to naturally have a larger % not owning homes. Owning your own home does not align with the density required for a city to function.
At the least, narrowing down the topic to 'Why do people rent instead of own a condo?' is a much more meaningful topic over 'Why do people rent instead of own a SFH?' since a condo is a more viable option in locations where most of the renters are.