I don’t know what the solution is, because if policies were changed so I wasn’t effectively heavily subsidizing my poorer and older neighbors, they would be kicked out.
But it seems weird to make 4-6x what my neighbors do, and barely able to afford to live like they do, basically just because I’m younger. For millennials, my partner and I are the “lucky” ones, nobody else I know my age could even consider renting a low end single family home in the bay as we are just barely able to do. It’s weird that the people with kids are barely able to rent small apartments, while the 4 bedroom homes are mostly occupied by 1-2 retirees, with dusty bedrooms that nobody has entered since the grandkids last visited.
Not to get all Georgist, but: is Prop 13 still a thing?
Would you support bulldozing Dolores Park and building towers there. Try suggesting that at the next YIMBY meeting and watch their heads explode.
This claim is disputed. The Economist argues that this generation is on track to be the best off.
https://www.economist.com/finance-and-economics/2024/04/16/g...
First they show that the percentage of people employed is now higher, and later on that the median family income is slightly higher adjusted for inflation.
To support a family now you generally need dual income, whereas you didn't used to need to. So you're seeing dual income families now with slightly more income than single income families had generations ago. However, they have much higher expenses because they don't have someone working full time at home.
