The latest in generational warfare: Some millennials are pointing the finger of blame at boomers for the housing shortage.by asset manager and insurer Legal & General, which polled 875 non-homeowning millennials. While this is a small sample size, the report revealed a notable trend in respondents blaming older generations for their housing difficulties.
As one respondent wrote,"Boomers need to stop buying starter homes as their retirement homes. It's driving the cost up to where first-time homebuyers can't afford it." Another felt similarly:"It's hard to afford the homes in budget because boomers are also buying them." Nearly half of millennials who don't own a home are saving for a down payment, the survey found. But 55% of them can't afford to buy yet in today's heated housing market, where record prices have reached a record median high of"Homeownership is increasingly concentrated in the hands of older generations, which have hoarded wealth and restricted my generation's access to similar economic opportunities," wrote a respondent.and soaring living costs.
Even boomers themselves agree. Billionaire Howard Marks, investor and cofounder of Oaktree Capital management, recently
ABCAPITAL Promotors r buying its shares at the avrg price of 104. Till now bought 12 Cr worth of shares in 3 days.
Aren't the Boomers the Millennial's parents?
It’s true ! :(
They have to blame someone for their failures and their horrifyingly pathetic awful parents.
as we should
调查发现，千禧一代将首次住房短缺归咎于婴儿潮一代
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