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HousingNews · Guest

https://www.washingtonpost.com/news/wonk/wp/2016/07/21/it-takes-way-too-long-to-build-new-housing-in-expensive-cities/

Guest · Posted: Mon Jul 25, 2016 9:04 pm GMT Post subject:

This is meaningless article. Building slow or fast, we bean towners still can not afford any.

Below are some useful advises.

1. You can live in the middle of nowhere, just find jobs that allow you to work from home.

2. go live in those shitty towns that bullets will hit you while you watching TV at home.

3. stay with your parents

4. buy home beyond what you can not afford, at least your loan still get approved. Then file for homestead. When shit hit the fan, go bankrupt, but keep your home.

Tony Boston · Joined: 12 Dec 2018 Posts: 3

Guest · Posted: Thu Dec 20, 2018 7:09 pm GMT Post subject:

America is becoming more and more of an inheritance society. As birth rates drop to just one child (white professionals in Boston), it will become increasingly so. This is because with one child in two generations, you have 4 grandparents and their assets siphoning down to one person. This means the only child who has 4 grandparents in Boston area would automatically be better off than the child with 3 siblings whose grandparents are from the Midwest. Way better off, without even working a day. You don't even need to have rich parents or grandparents. The burden of medical care for the 4 grandparents is also externalized by society as a whole via Medicare.

This is why China has super expensive housing compared to income. Income doesn't matter anymore in this kind of framework. It's all about inheriting property from the older generations.