Boomers could buy a house for $20k while working at a gas station without even a high school degree

>boomers could buy a house for $20k while working at a gas station without even a high school degree
>nowadays you need a masters degree in STEM to earn enough to rent and have roommates

Where did this shit go all wrong??

>inb4 build new homes to push housing prices down

That shit doesn’t work nigger. Literally ALL new properties that are being built are sold right away to investors that manage property management companies and private equity funds. You have no chance to compete with these PE funds for new housing.

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Capitalism(jew)

Why do you think they're called boomers? The economy boomed. Before you knew it after WW2 teenagers were making more money than their parents and were spending it on cars, harleys, chromed vespas and colorful clothes.

Jews and chinks jacking up prices with money they preyed from us

thats because boomers didn't all live in cities you mong they had some local factory in the town. You could live the same lifestyle now by working from home and buying a house on two years salary in the country. Then just sell and move as you advance in your career.

>zoomers these days can just play film themself playing video games and make millions

Very few can do this, its incredibly hard to get enough paid subscribers or donations to get by. Think of it like dropshipping now vs 20 years ago.

Streamers and most """Content Creators""" make horrible money most of the time.

Women joined the workforce almost doubling the supply of labor (besides in few fields like tech) which by supply and demand made labor less valuable.

Mass immigration and the ability to ship low skills jobs to developing countries meant that the market value for the labor of an unskilled worker drastically decreased compared to the past.

At the same time many developing countries produced millions of millionaires which very often look for properties in more stable countries (UK, US, Switzerland, some parts of the EU, Singapore) both as a safe place to move to if their home nations become unstable and as a form of investment.
This drove up housing prices.

Also in the last couple of years corporations were struggling to find suitable hedges against inflation with low yielding bonds and a stock market bound to crash so they parked their money in real estate at least until the stock market bottoms out or US bonds start to yield 5%+

Adding to this quite restrictive building laws in many areas (not allowing developers to demolish family homes for building condominiums for example) meant that real estate supply grew unevenly causing spikes in particular high demand areas which developers could not effectively capitalize on. However these laws are becoming less common and the necessity to buy properties very close to the city center is becoming less marked as remote working and partial remote working is more and more accepted.

Adding to this we have seen the introduction of very high taxes in very highly populated and high income areas such as new York and California which is driving high income individuals to sell those already extremely expensive properties to often the foreign buyers that like the big cities but won't be affected by the high income taxes as they won't become residents of those states nor will be subject to federal taxes as they aren't trying to get US nationality for themselves. These sellers drive up prices in low tax states.

/thread
Except house prices are up more in places like Australia and Canada, so maybe these were better investment options because the governments have set up economies based off selling houses to each other, controlling development, and encouraging everyone to “get on the investment property ladder” and become landlords to each other.