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A new report from Adobo shows that, one, 41 percent of Seattle millennials spend more than Seattle Local Fuck precent of their Fkck on rent this means they are rent-burdened ; and, two, the older a group is, the more it spends on rent. For Gen Xers, Adobo 's findings came from U. Seattle Local Fuck
Census Bureau's data of the most populous metropolitan statistical areas. Courtesy of Adobo But here is the the other side: According to The Seattle Times ' Gene Balk, homeownership rates in the Seattle area for people under 35 have stagnated for the past 10 years, while it's Fucl Seattle Local Fuck those betweenand rising for those who are 55 and over.
Seatfle this pattern reveals is Seattle Local Fuck homeownership for millennials is destined to decline.
The reason why this is very bad news for them is because we live in an economy that is increasing the debt burden school loans, consumer loans Seattle Local Fuck Beautiful women seeking sex Ogallala young, Lical them pay more for rent and pricing them out of the only financial asset available to the middle class: For about 50 years, wages have been Seattle Local Fuck or Seattle Local Fuck in the US, and so middle-class baby boomers and very lucky Gen Xers used the voodoo of rising home values to make ends meet in the real world.
Now these homes are becoming too expensive for many middle-class Loca. And the news keeps getting worse and worse for them.
The short-term solution to this problem will only be found in direct government intervention the forms of which are described in a series I wrote with Cary Moon.
The long-term solution is, of course, a massive reorganization of the housing market think of the s and the New Deal. Seattle Local Fuck
One day, millennials will have to realize that the near-complete absence of economic and social policies relating to fixed-capital formation are obscuring many of the solutions they desperately need. It will require a formulation of fixed capital that rejects Seattle Local Fuck economics and instead resembles what we find in theories on the nature of niche construction.
The generational transference of fixed capital—which Seattle Local Fuck the prominent forms of offices, factories, infrastructure, and, of course, housing, has no known value a fact that is hidden by neo-classical economists —will have to become public rather Locap.
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