Housing prices are stupid. My house went up 150,000 since 2020 and the only "improvement" that occurred was me breaking the garage door.

No shit.

Story Time: Right before the Covid lockdown there were dozens of condos for sale in my area for under $200k. Today, the only available condos are $596k (800sqft).

I remember when they were saying the same thing about Millennials a few years ago.

This country Is such a fucking joke. My small family of three will be homeless in a month because we can't afford to pay for food and our mortgage. We make to much got any government assistance but to little to live....My daughter already lost her asthma medication because insurance doesn't cover it. I had to get rid of my insurance for myself because we couldn't afford it and it wasn't covering anything for me. I'd kill myself but the slim chance I'd live it would just bring on more fucking bills. Why even bother trying any more.

There was an article recently about Vienna, I think, and they made progress on the housing crisis by just having the state own the houses. Nationalize housing.

edit: Found the article: https://www.theguardian.com/lifeandstyle/2024/jan/10/the-social-housing-secret-how-vienna-became-the-worlds-most-livable-city

I thought for sure the housing crisis was over because the fed raised the rates. I mean lowered the rates! One of those two I forget which one makes the average house go from 800k to 250k where it's more affordable. More as in affordable.

In the case of my household, the 2 young adults can't even find a job that pays whatever a "living wage" is these days.

No chance of moving out if you can't find an adequate income or even full time hours..

My plan was to leave the HCOL area I'm in for a number of LCOL places. Kept waiting for the official OK from my job to move as I work remote. By the time they gave me that OK, housing prices doubled in every place I was looking, and the rates got jacked through the roof. It's not even that much cheaper to live out there. I feel stuck renting my slightly under market small 2 bedroom duplex unit. I light $3k on fire every month to do so. I hate it, and wish I could move back in with my Mom.

This is so incredibly selfish of me... she's only 13 so hopefully this will be over anyway by the time she's an adult... but I'd be happy if my daughter stayed with me until I died. Once I become an empty nester, I will be lost without her. But I also want her to strike out on her own and become independent, so it's not like I'm going to force her to stay... I'm still a little envious of parents whose kids are still with them as adults, even if those parents may not like it.

But, as I said, I also want her to be independent, so I hope this crisis is over in 5 years.

They really shouldn't be including people who aren't even in their twenties in this statistic. It's been the norm for a while now for kids to not move out until they're in their twenties.

But yeah, we all know. No one can afford homes anymore and that will always affect those with the weakest incomes the most, which is largely the youngest group of adults.

We already knew this. It's good to have data, but everybody already knew this.

Ban zoning and fix this problem or don't and let it get worse.

This in turn feeds into lower birth rates, which in turn feeds into a future lower ratio of workers to pensioners, which means lower pensions for pensioners.

Of course, when shit hits the fan we will be told by politicians that it was totally not predictable that their decades of house-price inflation stoking policies (that handsomelly reward mainly rich investors for their great personal quality of having lots of money) would end up screwing the young and, through demographics, those who are now middle aged (and today's young, again, when they're old).