Earlier quoted context omitted.
First-time home owners have increased in age[0], the middle class is shrinking[1], education costs have vastly outpaced inflation[2] as have medical costs[3]. Perhaps the generalized fear is not so much about "coddling", but concrete realities. I do not envy them. [0] https://www.axios.com/2023/11/20/american-housing-market-old... [1] https://www.pewresearch.org/short-reads/2022/04/20/how-the-a... [2] https://www.usn…
First-time home buyers are getting squeezed by a combination of peaking market forces, but those forces are peaking and we're probably seeing the worst of it at this moment [1]. It will get better. [1] https://unchartedterritories.tomaspueyo.com/p/why-i-dont-inv...
They're comparing to hosting dips in the world wars and while I assure you ww3 will have enough loss of life to make houses quite cheap a third time, you still won't want them because they'll be covered in radioactive contamination.
The issue isn't blind supply and demand, it's that we've made construction expensive through code and arbitrary supply chain constraints and we're planning to deport all the construction workers. Even if population grown naturally slows to zero we will simply stop building houses because it won't be profitable. That's what got us here in the first place.