2 things can be true. Most boomers I know participate in rent seeking to some degree. Corpos buying up housing didn’t help either. Nor did foreign buyers. They also benefited massively from the low covid rates and were outbidding the families those rates were supposed to be helping with. The whole housing market is fucked, and our spineless, property owning politicians aren’t going to do anything about it any time soon.
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2 things can be true. Most boomers I know participate in rent seeking to some degree. Corpos buying up housing didn’t help either. Nor did foreign buyers. They also benefited massively from the low covid rates and were outbidding the families those rates were supposed to be helping with. The whole housing market is fucked, and our spineless, property owning politicians aren’t going to do anything about it any time soon.