Quote:
Originally Posted by Matt 26z
This tiny house nonsense is a symptom of illegal immigration and adult anchor babies putting an unnatural strain on the housing market.
Meanwhile in China...
The country where 70% of millennials are homeowners - BBC News
The country where 70% of millennials are homeowners
If you're aged 19-36 and don't own your home, you're probably not reading this in China.
While young people around the world are struggling to get on the property ladder, an HSBC study found that 70% of Chinese millennials have achieved the milestone. |
No it's not.. A lot of people just do not want large houses because it's a waste. Most people don't even use 50% of the space under their roof and paying taxes on all that extra square footage as well as to heat and cool it. It's just a waste of money..
Look at older houses when people were "sensible" They are almost always half the size of today's houses. Houses are large today because everyone has penis envy and has to keep up with the Jones. Cities push this by making required square footage per lot size. Why do they do that? They do it because they collect 2 times as much taxes on a 2k Sf house as they do a 1k sf house.. Home builders like it as well because it doesn't cost them much more labor to build the bigger house vs the smaller.. Meaning more profit.
It's all absurd and just about money.. People used to buy & build what they needed, now it's all about trying to show off and pretend you are something you aren't while struggling to pay for the biggest house you could get a loan for..
It's why the 1st housing crash happened and it's why the next one will as well. Personally I'm glad many millennials have come to their senses and stopped being consumers just to be a consumer..