Banner Archive

Marvel Comics Timeline
Godzilla Timeline



« Amazing | Main | Russiagate & the Left »

"You guys got houses and we got slightly nicer shampoo."

This is good (requires a free login):

Millennials say: we are paying a price for a global crash we did not cause. Boomers say: it's hard to take you seriously when you're frittering away your salary on smashed avocado on toast.


Home ownership rates for young people have been declining for decades as house prices have detached from incomes.


At the same time, young people faced another post-crisis hurdle: in an effort to make the financial system safer, regulators limited how much banks could lend to housebuyers. Suddenly, many young people needed far bigger deposits to buy their first home, effectively locking them out of the market. In other words, young people -- who were not at all to blame for the crisis -- bore the costs of repairing the economy that everyone else broke.

By fnord12 | July 24, 2018, 1:03 PM | Liberal Outrage