GEN Z vs THE HOUSING MARKET
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- เผยแพร่เมื่อ 20 ส.ค. 2024
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I would appreciate it if the algorithm took notice and rocketed you to everyone's recommended page.
I’m okay with my cardboard mansion under a bridge (😭😭😭😭)
I liven mine up with multi-colored duck tape.
If our governments actually treated the emergencies we’re living with as emergencies, maybe people would have a little more hope for the future and be able to see themselves living there with some happiness. Today the feds are spending another $10 Billion on the Trans Canada pipeline. It’s an enormous subsidy to our most powerful and most deadly industry. It’s money that’s not being invested responsibly in green energy. They also need to really tax the 1% and especially the 0.1%, a group that had sucked up money from the 99% even faster since the pandemic began. Now rich corporations that were making great profits have increased their profit margins, hiding their price increases under the genuine global inflation that’s happening outside of any government’s control. If governments and the people who want to govern actually worked to make the people and planet more secure, they might be trusted.
The government is going after foreign buyers but capture only the very few who buy directly from outside the country. The issue with housing is the same one that plagues every aspect of our unequal society: a few people own all the stuff. REITs are just a way for a few rich people to own a lot of housing which they rent at exorbitant rates. These should really be banned but they could at least be regulated better. There are also less formal investors including one person owning multiple primary residences. The solution is to tax each residence purchase at a higher rate as the number of homes owned by an entity goes up. If we do this, the people buying their one and only home wouldn’t have to pay a property transfer tax but on a second residence, there’s tax, even if it’s a recreation property that can be lived in year round, because they are housing that someone else could be living in instead of having it empty most of the year. The third home is taxed another 5%, and it keeps going up. This discourages the kind of predatory home buyers who take so much housing out of the competitive market that it results in fewer options for the ordinary renter or buyer and allows the few owners to charge high rents or high prices. Raising the interest rate just discourages the people who struggle to afford one home, not the wealthy people who buy multiple homes or the flippers.
I’d like to dispute everything you posted. If only I didn’t agree with you.
Great video as always BrittleStar! We have already had a chat with our 22 yr old son saying "Our parents told us that when you own your own home, you've made it!" Nowadays, not true. What's wrong with renting your whole life. Let your landlord or landlady deal with the problems that home ownership brings. Europeans have been renting for decades! And what do they do with their extra money?? TRAVEL!!!!!
Good gawd man, it's "zed" not zee!
Why does the news talk like everyone wants to own a home, not everyone does and not everyone should.
Zee? 🤨 *sighs*
Gen Zee?
I think he meant "Gen Zed" :)
Z. People all over the world pronounce it differently. Why snark over that, instead of focus on the important points in his commentary.
No teenager ever has trusted "the system". Nothing new. Think back to the Hippie Era.
Thinking the same thing!!
Not.
Like.
This.
Hippies dreams of dropping out, tu ing in, and making world peace. Now they're retiring as the last generation with a livable pension and telling GenZ to get a haircut, stop demanding a living wage, and show some respect. :/
My parents bought their first house (you make a home where you live, you can't really buy a home) when they were about 35. I bought mine when I was also about 30. Gen Z is... what 10 years from that age?
What I'm getting at here is that even boomers like my parents, or gen X like me weren't really buying houses when we were the age that Gen Z is now because... we couldn't afford it until we had established careers and jobs that were better than entry level. Sure, in every generation, everyone knows That Guy (tm) who swung a house 2 years out of high school, but he lost the house when he got arrested for dealing drugs anyway.
The media has this weird fascination with a myth about how everyone owned a house by the time they were 25 or some bollocks. It's never been true. That's not to say the housing market isn't stupid, but it's pretty unfair to suggest that Gen Z is being shut out of a market that they realistically wouldn't be part of anyway.
Watch it again.
They don't want to buy houses.
It never says they are able to now.... they don't care to. It isn't in their daydreams to get married, buy a house, have 2.1 kids, etc. They are more concerned with how to survive the increasingly dangerous environment, or whether they're headed for an adult life with zero clean, drinkable water because it's all been poisoned. Why even dream about having your own lawn when you're pretty sure society will collapse under the weight of profiteering corporations and various supremacists? Why bother.
Sincerely,
A real GenX who gets GenZ
The only way to solve the housing problem is to eliminate home ownership.
The federal government owns all homes/apartments, and rents it out at a percentage of your income.
Yes, it’s a form of socialism, but it’s the only way to truly solve the problem.
Federally and provincially owned co-ops are basically your plan in action but there are so few co-ops that to get into one is very difficult. The ones in my city have also been used to house people who face extra challenges, so families with school aged kids, disabled people, etc, and all are low-income only. We need to stop segregation! Old and young people, rich and poor, recent and generations-ago immigrants, disabled and abled - when people live near and form a community with people who aren’t like them, they form more accurate understandings of each person and each formerly separate community or culture. Mix it up for social benefits beyond affordability.
That's communism, not socialism.
@@anothersquid
I don’t think you understand the meaning of socialism.
In communism, the government holds the means of production.
In socialism, people don't try to screw each other over for the biggest house, car, bank account, etc.
He has it right.
Both communism and socialism can entail government owning all the property.
Just communism takes it a step further as the people owning everything.
Don’t look at USSR, China, Cuba, North Korea, or Vietnam as proper examples of communism.
None of those places actually implemented communism the way it was written out by the many philosophers, including the most famous Karl Marx.
They all had to use dictatorship/authoritarian governmental systems to implement their style of “communism” which wasn’t even the definition of communism.
That’s why communism is still classified as an unpracticed theory, because even though many claim to have tried, it wasn’t practiced like written by the many philosophers theorised.
And No, Karl Marx wasn’t the inventor of communism. He added to it. Just like he also wrote about capitalism and socialism.
Like almost everyone that uses the term, I question if you know what the term "Millennial" was supposed to refer to. Can we just drop it already for clarity's sake?
Sure. Let's go back to GenY. Same difference.
I mean, if even you are pronouncing it “zee” instead of “zed”… 😕
I’d rather hear from him is that coronavirus is ending
There are multiple types of coronavirus. I think you mean the one causing the current pandemic.
It’ll probably never leave, but once enough people are immune to it, it’ll have less chance of mutating, and will lessen to something similar to the influenza virus.