https://www.ccn.com/these-entitled-millennials-are-cheering-for-a-housing-market-crash/
"Housing as an investment" and "affordable housing" are fundamentally incompatible concepts.
Most pampered generation ever: wanting a roof over your head is entitlement! Back in my day we struggled. For example a PhD cost grant total of $55 and we immediately got a tenure track position.
If there is a housing market crash and average home price drops significantly, what stops Black Rock and all these private capital firms from buying up the cheap houses in bulk the second they hit the market? The average person will still have to have to go through a bank and try to get an fha loan and 30 year mortgage while these massive entities can just pay cash and probably have inside information about availability before we even have a chance
Nothing. This is already happening. Houses are being sold for way over market to private companies because they have the capital to do so pushing out any normal buyer.
A housing crash wouldn't make it any easier to buy since private interests can still pay higher than the value of the house.
So what you're saying is we need less of a market crash and more of a crash into Black Rock offices?
Or just a wave of arson against unoccupied bank owned homes
They'll just sell the land for a profit, lol. The difference between empty lots and houses is pretty negligible in my area, like arson straight up might not cost them anything. Ans I guess they'll get an insurance payout.
Yeah, the only thing stopping it is that it's happening anyway
"entitlement" is one of those words that really boils my blood, in part because it's never used right. spoiled millennials feel "entitled" to shelter, but we noble boomers and gen-xers are not at all entitled for wanting perpetual line-goes-up
From the author's bio:
Organized Senator Rand Paul's first and second online fundraisers in 2009.
:data-laughing:
only question i have left is if he's still allowed near schools and daycares
Twitter handles that should lead to instant restraining orders, exhibit 547876485
Boomers are actually cheering for a continued housing market bubble on Facebook so they can stockpile wealth at the expense of others. It seems the very image of entitlement.
Gilbert and Sullivan voice
I am the very model of an entitled millenial
to "When I was a Lad"
When I was a lass I got a loan
From wealthy parents so I live alone
I paid my interest and I made my way
With a do-nothing job I got the very next dayThat parental loan did so well for me
That with only my bootstraps I'm a self made meChorus: That parental loan did so well for thee
That with only your bootstraps your a self made she.With that do nothing job I rose the ranks
and became an unpaid intern at a lib think tank
While I went to functions so networky
I kept afloat through my apartments equity!(She kept afloat through her apartments equity)
Through the rapid increase of that equity
With simply my bootstraps I'm a self made meChorus: (Through the rapid increase of your equity
With simply your bootstraps your a self made she)From that think-tank they all could see
That I was destined to run property
They gave me a slum run down and burned
So I kicked out all the residents without concern\(she kicked out all the residents without concern)
That development is now so shi-nee That with only my bootstraps I'm a self made me
(That dee-velop-ment is now so shi-nee
That with only her bootstraps she's a self made she)My portfolio grew to enormous girth
And all the ghouls around me greeted me with mirth
The tagged me up for political life
As long as I pretended straight and lost the wife(as long as she pretended straight and lost the wife)
With a Trophy husband selected see
With only my bootstraps I'm a self made me(With a Trophy husband selected see
With only her bootstraps she's a self made she)At election tIme I made a mark
With crafted words that all were lacking truth or spark
At massive rallies with a thousand fools
I counseled them to all live by this golden rule."Rely on your self, and without hypocrisy You can pull on your bootstraps as a self made me"
("Rely on your self, and without hypocrisy You can pull on your bootstraps as a self made me")
"These people on twitter are hoping for an outcome that makes me butthurt, and now you should read me cry about it" - A. Hack
Another article by this chud.
https://www.ccn.com/3-reasons-trump-is-a-surprisingly-good-nominee-for-the-nobel-peace-prize/
Over 50% of this article is twitter screenshots or embedded videos. That should tell you all you need to know.
I'd like to speak to the manager of millennials for not liking what I like
