gorge
26d ago
Main point is that the houses were not that much cheaper relative to now, and the interests rates were murderous. Enjoy!
This is much closer to boomer average, and in fact, is more than what some boomers had to pay.
Think about it: so much griping for measly $200/month difference. But hey, maybe the millennials are so whiny because of no wage growth, so this actually means a lot to them? Let’s look into that.
You are missing something big: as soon as interest rates dropped, boomers could refinance to a lower rate. So that high interest rate was not paid during the entire 30 years of the mortgage. Someone really needs to do the boomer versus millennial home-payment comparison taking refinancing into account. When a millennial is buying the home at rock bottom interests but still having the same payment as a boomer paying a 12% interest rate, the millennial has no prospect of further reducing the payment in a future refinancing.
This was true, but even then, NPR would be "too far to the left" since it is selling itself as a politically neutral, government funded non-profit and so ostensibly would be taking a position at the American political center, not the Democratic party center.
But even to the extent your critique was true, it is a stale critique.
The entire 'corporate Dem' position has moved sharply to the left in the past ten years (that is, it has moved left of where the American center was in 2010), and these political positions have enormous real world impacts. It's not just cheap signaling. For instance, the massive inflow of migrants we see are all downstream of NPR et al spending years denouncing necessary border enforcement as being inhumane in some way. We also see stats like how percent of white men among TV writers has declined from around 60% to 35% in the past 10 years. That is a major change with major impact for the media environment we all live in. There were many policy changes around police stops and bail reform and public order enforcement, etc, all downstream of NPR/NY Times media coverage on police shootings, and those policy changes have had massive real world impact. I could go on and on.
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