this post was submitted on 25 Sep 2023
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As a political block, they've had control of our housing market for around 40 years now. The changes they made, and problems they ignored, for those decades have caused the problems we have today.
Most real estate conglomerates are run by 30-40 year old MBAs looking for return on investments so they can get a big bonus. They set the market. They are not boomers.
Those kids are playing in the market the Boomers created and set the rules for, before they were ever born.
Those rules were set before the Boomers were born too.
That’s categorically untrue. The rules have been semi-fluid and evolving since the real estate market became a thing.
The real estate market became a 'thing' with John Jacob Astor in the 1830s. And yes investment rules change.