“Homeownership is a gerontopoly.... Homeownership isn’t making younger generations wealthier. Rising real home prices effect a transfer of wealth from younger generations to older ones.” http://cityobservatory.org/gerontopoly-homeownership-wealth-and-age/ …https://twitter.com/l__macfarlane/status/994144963997904896 …
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We keep thinking "this can't go on forever" but it definitely can. Look at property costs in London for where we could easily end up.
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