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349 points pseudolus | 2 comments | | HN request time: 0.42s | source
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oortoo ◴[] No.42474210[source]
Another aspect here I think is the generalized fear and anxiety present in young people. Having spoken to some family members in the 15-18 age bracket, the message they seem to be receiving is that they are without a future... they won't be buying homes, they won't be getting high paying jobs, and that the system is not going to work in their favor. I think people of this age are uniquely feeling mortal and vulnerable in a way teens typically have not, causing them to be more hesitant to risk losing their mind which they may need to protect themselves down the road. But they also are modern teenagers, not only low in willpower but also coddled by their smartphones, which is why technology addiction is the go to "safer" alternative to habitual drug use.

Also, you typically need to be unsupervised with friends to get into drugs, something teenagers no longer have access to compared to 10-15 years ago. If we look at the social decline due to the pandemic, what made experts think these kids would bounce back? They are forever changed, and will forever be less social than other generations because they missed out on formative experiences.

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fawley ◴[] No.42474470[source]
First-time home owners have increased in age[0], the middle class is shrinking[1], education costs have vastly outpaced inflation[2] as have medical costs[3].

Perhaps the generalized fear is not so much about "coddling", but concrete realities. I do not envy them.

[0] https://www.axios.com/2023/11/20/american-housing-market-old... [1] https://www.pewresearch.org/short-reads/2022/04/20/how-the-a... [2] https://www.usnews.com/education/best-colleges/paying-for-co... [3] https://www.healthsystemtracker.org/brief/how-does-medical-i...

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speakfreely ◴[] No.42479977[source]
First-time home buyers are getting squeezed by a combination of peaking market forces, but those forces are peaking and we're probably seeing the worst of it at this moment [1]. It will get better.

[1] https://unchartedterritories.tomaspueyo.com/p/why-i-dont-inv...

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AnarchismIsCool ◴[] No.42480518[source]
Their arguments for "won't go up much" are reasonable but their arguments for "will actually fall enough to allow two generations to finally own homes" are pretty fucking nonsensical.

They're comparing to hosting dips in the world wars and while I assure you ww3 will have enough loss of life to make houses quite cheap a third time, you still won't want them because they'll be covered in radioactive contamination.

The issue isn't blind supply and demand, it's that we've made construction expensive through code and arbitrary supply chain constraints and we're planning to deport all the construction workers. Even if population grown naturally slows to zero we will simply stop building houses because it won't be profitable. That's what got us here in the first place.

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1. MikeRichardson ◴[] No.42481239[source]
> code

I quite like the parts of the code that prevent random electric shocks, and the parts that keep the roof from caving in, etc. (I assume you meant building codes)

The forthcoming mass deportation will definitely fuck shit up though. UK is having a similar issue due to Brexit. I guess Eastern Europeans are to the UK, as Mexicans/etc. are to the US?

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2. AnarchismIsCool ◴[] No.42483534[source]
I didn't want to get into a huge aside so I just left it there but imo the NEC et al are absolutely great. In a lot of ways current building standards actually make things easier and cheaper, they remove ambiguity and offer a set of best practices that are time tested to reduce labor and errors.

The issue is how local municipalities enforce it along with zoning to make building massively more bureaucratic. Reaching the right people is impossible, everyone has their own agenda and interpretation, and city councils across the country add arbitrary stipulations entirely to reduce construction so line goes up.