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Notes -
I’ve been seeing posts on social media about unaffordable the housing market has become (in terms of home price to income ratio). Many people who don’t already own a home are locked out of the home ownership market because the monthly mortgage payment and down payment required has increased a lot faster than the median wage since 2020.
What impacts will unaffordable housing have on politics? Do you think we might see a shift from identity-based politics to politics more focused on economic inequality?
Boomers dying, downsizing, moving into nursing homes are one part of things working out, and the geographic preferences of homeschool/work from home families are another, and gentrification of blighted urban areas are another. The economic decline/stagnation of some older working class suburbs won't be great, but the houses will be filled.
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