this post was submitted on 07 Feb 2025
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The breakdown by age group is EXACTLY THE OPPOSITE of what I expected to see… makes no sense! Don’t blame GenX and Boomers for our future problems…
Housing, housing, housing FUCKING HOUSING.
This. A thousand times this.
The same implosion in young, urban support happened in the US for the Democrats, and for the same reason: millenials and zoomers are tired of being sucked dry for the comfort of Boomer and elder-X'ers housing-based retirement fund.
Want to fix this? Forgive student debt and actually put shovels in the ground for housing (not "accelerator funds", not tax breaks, not low-interest loans to developers: fucking buy equipment, pay people, and build shit)
The main driver of inflation in the housing market is investor driven demand. This can't be fixed on the supply side, it's fixed by regulation and enforcement of the investors and RE agents, strengthening consumer protection and insurance, and generally making investment in housing provide moderate ROI, as it used to, for families and live-in owners that expect to hold the property for at least 10 years.
Some relief can be provided on the supply side, but it should be via government housing projects, not by greasing the wheels so that private wealthy investors can build more product to sell. That's how we got into this mess.