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Can we collectively stop buying in to this blame narrative?
This oldie-but-goodie sums it up perfectly:
A banker, a worker, and an immigrant are sitting at a table with 20 cookies.
The banker takes 19 cookies and warns the worker: “Watch out, the immigrant is going to take your cookie away.”
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It's all deflection away from who's really to blame and what's going on. Look at the investment firms swooping in and gobbling up real estate. Paying in cash at above asking, we can't compete. We'll all be renters in their planned future.
Pro
Only going to get worse unfortunately
Chief
A few years ago they were blaming millennials for not buying homes at all. Now they are and they're blaming them again? Cut the jokes.
- signed GenX
I was thinking the same thing!
Rising Star
Few years ago they were asking why millennials aren’t buying diamonds!!🤷🏻♂️
As a homeowner I applaud the Millennials for driving home prices higher! Keep up the good work!
Rising Star
I agree, hipsters are good for both the environment and the resale value of my brownstone.