Every time I hear news about boomers not being able to downsize, I think “well isn’t it the good ol consequences of my actions”. The nimbys made it impossible to build and created a system where landlords benefited from just being born early. The rest of the generations have been dealing with this problem for years, welcome to the party.
It’s not really a generational thing, my parents where worried about the housing market in the early nineties when they saw that people had it as an investment.
The problem is that no politician wants to solve it in a sustainable way because it would lead to their own biggest investment, that is also leveraged, would loose value. But we also have a pension system that relies on humans being more populous.
Politicians have all these perverse incentives. If we could get a more direct democracy it would solve a lot of problems.
