The Boomer hoarding narrative
If you do a google search for "boomers" and "housing" you'll be unsurprised to see that there's no shortage of media pieces, including traditional media, that peddles the narrative that "boomers" (aka people born between the end of the second world war and the last 1960s) are "hoarding" housing that otherwise would be going to their grandchildren. This is a good example . The narrative mainly runs the same message: there is a housing shortage because somehow, older people have "taken it all". The article quoted is one of the more interesting ones because it does include some actual reliable statistics, and while it skates neatly over the point that Gen X actually had a smaller share of the numbers owning their own homes by 25 compared to millennials, according to the same Stacker data, itself based on US Federal Reserve data. The article also gets it remarkably wrong when it comes to mortgage interest rates, erroneously stating...