Once again with the boomers We are not all rich ya know
How boomers and their progressive policies squeezed millennials out of the housing market /via @globeandmail http://j.mp/2oP73S1 pic.twitter.com/WbEp5gYe9D
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Always can move to the East Coast - it's much nicer here anyway :)
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And do what for a living to pay for it? Somewhat honest question.
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In 1977, at age 25, my dad bought a 5-unit apartment building in Sherbrooke, QC for $50,000. With a job requiring a high school education.
#OldEconomySteve ♪ Those were the days, my friend. ♫Thanks. Twitter will use this to make your timeline better. UndoUndo
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It's more modern zoning from the 30s and 40s. The effects aren't bad as long as you can sprawl, once sprawl becomes impossible, housing prices head to the stratosphere. The traditional solution was to subdivide houses to convert to duplexes and triplexes. Can't do it anymore.
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Why would that be wrong subdivide larger homes? It seems like a green solution?
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Thomas Sowell said as much 30 years ago.
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Time for the Canadians to immigrate to Houston. Housing is still fairly affordable especially in the suburbs where you can purchase large homes, you just have to deal with the awful commute!
#houstonrealtor#surbanThanks. Twitter will use this to make your timeline better. UndoUndo
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This is a problem all over the world. Dublin has a housing crisis so bad it's spilled over into a homelessness crisis. In Sydney the median price is over $1M. Forget about buying in London unless you work in the city. Sad but true
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Yet they are soon going to have to sell their assets. It's not about the die-off but the sell-off that will ensue as this is the retirement savings for many a boomer.
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If American companies did not off shore jobs, you would have your pick. When I first started working things were very bad in 70’s and early 80’s. MANUFACTURING WENT OVERSEAS. It was slim pickings.
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