The problem with this thesis is that younger workers have higher and higher student loans, lots of debt, worse jobs, and they face much stricter mortgage qualifications than pre-crash. So if you are a really wealthy young person, it's amazing! You can buy that house with daddy's money for cheaper, while those who need mortgages are worse off, thereby widening the gap between the rich and rest of us, which will widen more and more based on these differences for decades to come.
I'm saving to buy a house with cash that is abandoned and fix it up with my own labor. It's my only option unless I want to give a landlord my money forever. The fucked up thing is that if I could get a mortgage, the payments would be HALF of what I have to pay for rent, for a nicer place than I rent! If I can pay my rent, and my mortgage would be half of that, you'd think I'd be able to pay it. But fucking banks don't give a fuck. - Dylan Barr
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