So I was listening yesterday and the reported says something like… Young people have a hard time getting a mortgage because the older generation has low mortgage rates…blah blah…but now they’re all loosing jobs, getting sick etc so “that will unlock housing or mortgages” something annoying like that.
Well yeah. It happens every generation. Until I suppose nobody can make enough money to rent either much less have a mortgage. I much rather hear about mortgage rates coming down after another happy CEO event. Yeah fucking unlock that shit please!
The wealth transfer isn’t going to happen. Its being eaten by elder care and medical industries, and any other predatory businesses that want a slice of the pie.
Don’t forget reverse mortgages for the real estate slice of the pie.
In reality nothing will meaningfully improve until the rich fear for their lives