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Comment by alexgmcm | Hacker News Reader

Given the state of the housing market in most cities it seems our hard work does pay off... for our landlords.

~70% of Americans own a home. Don't blame us because you choose to live in a dense urban area where you can't afford to buy a home. Until recently(2010-2020) buying a home was on avg. cheaper than renting.

...so anyone who's under the age of 35 is just screwed? That's what you're effectively saying.

I'm under 35 and own a home. 42 percent of millennials own homes.

I don’t believe it’s that high anymore. And further, we have one of the lowest homeownership rates as compared to other developed nations the last time I saw these figures.

What do you think the home ownership rate is in America then?

It’s about in the low 60’s and projected to be in the high 50’s soon. It’s consistently dropping.

according to where? I can't find a single place that says less than 65.6% you think the huge increase of housing demand/sales is going to decrease homeownership rates? that demand is why prices are absurd right now.

Hmm, you’re right. I guess my information is out of date.

~65% and rising

https://www.statista.com/statistics/184902/homeownership-rat...

If "the poor" move to less dense areas then who will wait your tables, pick up your garbage, clean your offices, cook your food, check out your groceries, etc? Saying "just don't live here" is one of the most ignorant responses that always arises in these types of conversations.

As someone from the midwest, This argument doesn't work. Stop trying to live in same place as 13 million other people. life will be a lot cheaper. We need to decrease density. the avg rent in my state is $750 for a 2br-apt.

> most ignorant responses that always arises in these types of conversations

umm its the only REAL solution.

> If "the poor" move to less dense areas then who will wait your tables, pick up your garbage, clean your offices, cook your food, check out your groceries, etc?

That is not the reason people stay in HCOL areas. There is value for them there, or the cost to leave seems higher than staying.

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