“Mr Bernanke’s unorthodox ‘cash for trash’ scheme, otherwise known as quantitative easing, drove up asset prices and bailed out baby boomers at the profound political cost of pricing out millennials from that most divisive of asset markets, property.” https://twitter.com/ReformedBroker/status/1101454657480785920 …
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Replying to @kimmaicutler
In the mid 70s my mother bought a 40,000 home in Oakland. She still insists that millennials just “don’t want fixer uppers”.
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Replying to @camholm
I think it was probably easier to get renovations done in the 70s without your neighbors appealing you.https://www.sfchronicle.com/opinion/openforum/article/Peskin-s-bill-is-San-Francisco-s-attempt-to-13618207.php …
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