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A future-of-work expert said Gen Zers didn't have the "promise of stability" at work, so they're putting their personal lives and well-being first.

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[-] tigerjerusalem@lemmy.world 24 points 11 months ago

Oooh, cool word play! I like it.

Also, I find it funny* that we somehow can afford rent but are not qualified to pay a mortgage with monthly payments that costs the same.

*enraging

[-] chrizzowski@lemmy.ca 11 points 11 months ago

I think this is a huge part of the problem. Rental property owners are just a liability buffer for the banks. There should be mortgages at a 1% down payment for first time buyers with a proven track record of making rent payments on time. Maybe the rates are a little higher, with the extra interest giving the banks motivation for taking on the extra risk. Then after the first term the owner can renew with a normal rate.

Doesn't help with the demand issue, but maybe all the rentals will flood the market after nobody is being punished for not having $100k laying around because they're busy paying someone else's carrying costs.

[-] Mango@lemmy.world 3 points 11 months ago

We can afford rent?

this post was submitted on 21 Jan 2024
1569 points (98.6% liked)

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