Blaming boomers? Come on prager I thought you were better than that
@cosmiccowboy9358 Says:
I don’t think so
@ischmel3884 Says:
Another Marxist creating a Bogey Man...cause that's their main tactic.
@cornhusker221 Says:
This is BS! The baby-boomers aren't responsible for the housing crisis, flippers and idiots that signed a loan they knew they couldn't pay along with corrupt mortgage practices caused larger down payments, higher prices, and interest rate increases. All the foreclosures that were destroyed caused a lack of housing not to mention the psycho environmental regulations.
@jamesphilip6737 Says:
Blaming the Boomer is pretty standard now.
@jbman413 Says:
It was not me or my family pretty sure about that
@db5202 Says:
This guy has no clue. It isn't prices going up as much as it is the value of the dollar going down. One ounce of gold cost $25 just one hundred years ago. That same amount will set you back $2500. Its not the fault of the "older generation" its not that the people are living above their means but that the government is. So what's the real problem? Every time the Fed prints more money, the money in your wallet is worth even less. End the Federal Reserve. Problem solved.
@ishtarlew598 Says:
It should have been obvious to the government that importing 10s of millions of people in such a short time would raise home prices significantly. Supply and demand.
@Messymy Says:
Too many think they deserve a fancy house like or better than the one their parents ended up getting. Many parents actually got into the market by first getting a smaller, plainer, or fixerupper house. They built equity and could actively save more by spending less and still having a roof overhead. One bath, fewer bedrooms, fewer amenities overall. Just because your friends brag about a lot of conveniences in an "upper level" that they may never be able to pay off and then brag about getting a lower interest rate by refinancing one more time. Never really owning except when paying taxes and insurance.
@chrisquinn394 Says:
I don't think so. What is this nonsense about babyboomers should feel ashamed of themselves for the American dream? Like it's a bad thing for your property to increase in value. Land value will always increase because the fact that it can only be traded and not created. That's not the baby boomers fault. You don't have to buy in the top end neighborhoods. It's hard now because of high rates created a shortage of existing homes. The new homes price reflects the market and the rates and down payment affect the ability to obtain that mortgage.
@OmarGarcia-MadeInMexico Says:
Wages should of kept up, corporate investors and all these real estate moguls should never been allowed to buy starter homes, and property taxes shouldn’t of become a main revenue for city budgets
@Roastcrackling Says:
Wake up you people, it all has to do with the bankers and interest rates.
@Frankcapasso Says:
There’s far more to the equation than just that
@0ryanryanryan0 Says:
hi prageru i love femboys
@lindabell5534 Says:
The older generation didn't expect things to go up they feared it would. 😅 more of the middle generation created the flipper I don't want to be a DIY home I'll just work more to pay to have it done.
Baby boomers want more land to the homes. Generation X was for smaller homes for the childless generation.
@nadinepetersen6321 Says:
I'm totally against the government getting involved in providing "low income or affordable housing" to any community by governmental grants that have shoestrings. That's how the illegal aliens will be sent to live in small communities around the nation. And the locals who pay taxes will have to support them. Broad statement, I know.
@patrickphelan5863 Says:
Bull-Crap! You're blaming long-time home owners for urbanization, industrialization, globalization, socialization, & inflation? Plenty of great lives to be had in rural areas, affordable homes, with rewarding jobs & careers.
@allenkrause2774 Says:
I'm a 32 yr old tradesman. I own my home. The tears of my peers taste like salted truffles.
@Objective-Observer Says:
Hold on! Woke Ecologists also get into this: don't destroy nature! Don't build there.
THE PROBLEM IS BANKS LENDING MONEY FOR HOMES THAT THE PRICE HAS INCREASED BEYOND THE HOME'S INTRISIC VALUE.
The Problem is allowing the Housing Market to price homes based on EVERYTHING BUT THIER ACTUAL VALUE. This neighborhood is more expensive- not because the homes are larger, but they are isolated. This neighborhood is cheaper- not because the homes are smaller, they are larger- but they are older in older neighborhoods that Post Millenials refuse to buy, BECAUSE THE NEIGHBORHOOD ISN'T INSTAGRAM BEAUTIFUL.
The problem is Socialism in states where the wages have been artificially inflated, to meet the artificially inflated prices thinking the States is EXCLUSIVE and so Rich People move there.
Now the Socialism of that State is collapsing the governent and economy, so Companies are leaving and settting up in Captialist States where the wages WERE NOT over inflated, so the prices were not over inflated, so THOSE EMPLOYEES CAN AFFORD TO PAY MORE FOR EVERYTHING AND CAPITALISTS RAISE THE PRICES TO TAKE THE RICH MONEY, AND THE NATIVES CAN'T AFFORD TO LIVE HERE ANYMORE.
THAT WOULD BE THE ONLY LAW I WOULD WANT TO STOP THE GRAFT AND GRIFT IN REAL ESTATE: THAT HOUSES CAN ONLY BE SOLD FOR WHAT THEY ARE INSTRINSICALLY WORTH, BASED ON THE CONDITION OF THE STRUCTURE. That would make buying a House less expensive than renting.
@retheisen Says:
The boomers are just better at fighting off the immigrants.
@boobox2000 Says:
I mean, it's an issue sure, but the biggest issue is that wages haven't kept up with inflation. If wages had followed everything else, we wouldn't be be forced to pay over 50% of our take home income on living costs.
@jesicahereford846 Says:
This is the exact reason my town is failing. Every time a new business wants to come in that would be good for the community the boomers turn it down. Skate park for the kids instead of a rundown mill just taking space? Absolutely not!….now there’s so many addicts because there isn’t anything here for kids to do. Bring in a harbor freight where giant eagle used to be? No we need a grocery store! You literally have Walmart and aldi. Plus you can get convenience things from dollar general and family dollar and dollar tree. We don’t have a tool store. It gets so damn frustrating!
@Grabthar191 Says:
There is no such thing as a free lunch. Things have to be paid for, even if you want to invent the funds out of thin air.
@iamjustsaying4787 Says:
Entitled? I wasn’t aware that we had any control. You’re going to put the machinations of the bankers onto the baby boomers? That’s just psychopathic.
@garremannen Says:
I havent seen any boomers fighting new construction. What kind of bs is this blaming the older generation for shit the government has done?
@dangeissinger4906 Says:
I don’t agree with this premise.
@terrybyrd3738 Says:
The modus operandi amongst real estate investors for almost a century has been to 'buy for pennies on the dollar .. sell for dollars on the penny'. Did they expect this cycle of inflation to continue indefinitely .. I'm surprised the real estate collapse hasn't happened sooner.
The real insult is when PU has the nerve to blame the booner generation for profiteering when profit is what keeps their own doors open .. all the while being owned and operated by 'profiteering boomers'.
@paulosullivan3472 Says:
The houses arent worth more, currency is worth less. The government aimed deliberately at creating 2% inflation, an economy in permanent inflation is a weak economy and that is the reason we have the problems we have now.
@puffles5535 Says:
I don’t know who this younger bearded dude, but he should take over PragerU whenever Dennis passes. I’ll miss Dennis though.
@johnf2539 Says:
What about the tens of millions of illegal migrants that compete for limited housing?
@Nordy941 Says:
The money is created in the construction of new houses. The money did not exist before the mortgage for the house was written. That’s the issue and why prices go up. Not because an old lady at a housing board.
@joejack2446 Says:
Incorrect government money printing is blame number 1 and blame number 2 is younger generations who won’t move to create new industries in areas they could afford to buy homes - OH for example is incredibly affordable
@puffles5535 Says:
Actually based. But what can we do to fix this?
@wise_up_dems. Says:
It's also been exacerbated by the millions of properties rendered uninhabitable by people who don't understand what it does to a communuty.
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