"Intergenerational Injustice"

[cawacko]

Can't say I've heard this term before but of course it's the Boomers (largely) screwing the youth. We're all selfish but has there been a more selfish generation than the Boomers?

(1 - I know this board is largely made up of Boomers & 2 -we don't have enough good intergenerational arguments on here)


Alissa Walker (@awalkerinLA)
5/4/18, 11:36 AM

A term being discussed on this housing panel—the idea of "intergenerational injustice." One generation has made housing and development decisions that have essentially screwed the next generation. In many cases, these are their own kids. #cityage

 

[kudzu]

This sounds like absolute BS to me.. Do you have a source?

 

[Mr.Badguy]

It's just circumstances. I'll make my own way and tell anyone that asks me "why aren't you where I was 30 years ago" to fuck off.

 

[cawacko]

This sounds like absolute BS to me.. Do you have a source?

Here's the lady's twitter page. Working in the real estate industry I follow a number of people on Twitter who attend various (big city) planning commission and city counsel meetings for development projects/rehabs and report on them. This lady lives and reports in/on LA.


https://twitter.com/awalkerinla?s=11



What she is saying is completely true (at least in the big coastal cities). Those who already own homes don't want new development in their neighborhoods/cities and they will fight it. Therefore home prices continue to rise as we have seen. Most of these homeowners are older people.

 

[cawacko]

It's just circumstances. I'll make my own way and tell anyone that asks me "why aren't you where I was 30 years ago" to fuck off.

If you're in your 20's or early 30's and can afford to pay $2m cash for a home much respect to you. That's baller status.

 

[Mr.Badguy]

Fun fact: I work with a Boomer (several actually) and we're friends on Facebook because why not. He's conservative, former Navy. He keeps posting stuff about millennials eating Tide pods and snorting condoms, and I just keep wanting to comment "didn't you used to do meth?" (He did)

 

[Mr.Badguy]

If you're in your 20's or early 30's and can afford to pay $2m cash for a home much respect to you. That's baller status.

2 million for a house varies greatly depending on location. I live in a suburb of Nashville and my house is <150k 3 bed 2 bath with garage.

 

[CFM]

Can't say I've heard this term before but of course it's the Boomers (largely) screwing the youth. We're all selfish but has there been a more selfish generation than the Boomers?

(1 - I know this board is largely made up of Boomers & 2 -we don't have enough good intergenerational arguments on here)


Alissa Walker (@awalkerinLA)
5/4/18, 11:36 AM

A term being discussed on this housing panel—the idea of "intergenerational injustice." One generation has made housing and development decisions that have essentially screwed the next generation. In many cases, these are their own kids. #cityage

The boomers, by the way a group to which I don't belong, aren't selfish. That generation did more and dealt with more than your young punk ass would in a hundred lifetimes. You complain because housing and school in a place you choose to live is too much yet you choose to live there. The toughest think you've dealt with is being a pussy that lets your bitch carry your balls around in her purse.

 

[cawacko]

2 million for a house varies greatly depending on location. I live in a suburb of Nashville and my house is <150k 3 bed 2 bath with garage.

That's what it costs where this "intergenerational injustice" is occurring. Someone your age comes out here and spends that type of cash is a baller.

 

[CFM]

It's just circumstances. I'll make my own way and tell anyone that asks me "why aren't you where I was 30 years ago" to fuck off.

Cawacko is one of those that complains about costs of housing yet chooses to stay where he complains the costs are too high.

 

[kudzu]

Here's the lady's twitter page. Working in the real estate industry I follow a number of people on Twitter who attend various (big city) planning commission and city counsel meetings for development projects/rehabs and report on them. This lady lives and reports in/on LA.


https://twitter.com/awalkerinla?s=11



What she is saying is completely true (at least in the big coastal cities). Those who already own homes don't want new development in their neighborhoods/cities and they will fight it. Therefore home prices continue to rise as we have seen. Most of these homeowners are older people.

All the boomers I know have helped their children a lot to include helping them buy homes..

 

[cawacko]

All the boomers I know have helped their children a lot to include helping them buy homes..

They may help their children with down payments but the policies they are supporting locally are a huge cause of these price increases which affect millions.

 

[Bigdog]

They may help their children with down payments but the policies they are supporting locally are a huge cause of these price increases which affect millions.

Zoning changes can drastically change property values. It's not fair to pull the rug out from under people just because they are old ... and invested half their assets betting on a stable zoning code.

 

[Cancel 2018.1]

Zoning changes can drastically change property values. It's not fair to pull the rug out from under people just because they are old ... and invested half their assets betting on a stable zoning code.

That's exactly what we're going thru in our neighborhood at the moment. A developer wants to rezone 3 acres of land adjacent to our property from residential to residential/commercial that allows high density, high rise housing. When his architect presented a power point showing the plans the entire audience would've thrown rotten tomatoes at him if they had them. Women were in tears. The land sits on a hill about 20 feet above our back yard and the developer wants about 5 seven story bldgs. built.
That's insane to try to rezone that drastically that would significantly change the character of the neighborhood.
It's not fair to pull the rug out from under people for any reason, has nothing to do with age. There are families of several different generations in our neighborhood. Nobody wants this to happen.

 

[Sailor]

That's exactly what we're going thru in our neighborhood at the moment. A developer wants to rezone 3 acres of land adjacent to our property from residential to residential/commercial that allows high density, high rise housing. When his architect presented a power point showing the plans the entire audience would've thrown rotten tomatoes at him if they had them. Women were in tears. The land sits on a hill about 20 feet above our back yard and the developer wants about 5 seven story bldgs. built.
That's insane to try to rezone that drastically that would significantly change the character of the neighborhood.
It's not fair to pull the rug out from under people for any reason, has nothing to do with age. There are families of several different generations in our neighborhood. Nobody wants this to happen.

That developer and architect need to be brutally buttfucked by rabid polar bears. Just saying.

 

[Cancel 2018.1]

That developer and architect need to be brutally buttfucked by rabid polar bears. Just saying.

The developer is a weasel, I know him personally, but there's nothing against the law for applying for a rezone.
(The AIA, Am. Inst. of Archit.) has a Code of Ethics. From that:

CANON II Obligations to the Public Members should embrace the spirit and letter of the law governing their professional affairs and should promote and serve the public interest in their personal and professional activities. http://aiad8.prod.acquia-sites.com/sites/default/files/2017-08/2017 Code Update.pdf

If the architect continues to fight for his client I will file a formal complaint for ethics violation with the state licensing board.

 

[cawacko]

Zoning changes can drastically change property values. It's not fair to pull the rug out from under people just because they are old ... and invested half their assets betting on a stable zoning code.

That's ultimately the problem. We have a severe housing crisis which is going to have a long term negative impact on the region. Right now it's the ultimate I've gone mine - fuck you attitude that we're seeing from current homeowners be it in the City or surrounding suburbs.

And building more housing to meet the demand isn't going to tank current housing values. And especially when you live in a city, which is a dynamic ever changing place. To expect to live in a place for three decades and expect no change is not realistic.

 

[Cancel 2018.1]

They may help their children with down payments but the policies they are supporting locally are a huge cause of these price increases which affect millions.

Millenials have the choice to live where it's more to their advantage.
If I had a kid that couldn't afford S.F. housing I'd have no problem advising him to live and work where the odds are better.
There's also the military option. Do your time, get experience and gain maturity, go to college on the GI Bill, be sure to major in a STEM curriculum and you'll be fine if you don't fuck up.

 

[Superfreak]

Zoning changes can drastically change property values. It's not fair to pull the rug out from under people just because they are old ... and invested half their assets betting on a stable zoning code.

When the zoning code was rigged to increase their homes values and stop a lot of new construction? Fuck them

We are seeing in the Denver area a massive influx of new people. But no one will let new construction of anything higher than a few stories go up anywhere west of them. Because it might disrupt their mountain views. Even as the metro area has expanded rapidly to the east of Denver, those people also don't want anything tall built. (which means less apartments/condos for the new renter/buyer) This has caused the property values to escalate in some areas at an insane pace.

My place has increased in value about 45% in the last two years alone. It is nuts (good for me, but a lot of my friends in their 20's and 30's are having a hard time buying a place) because the down payment is too high. So instead they are forced to pay insane rental amounts (because there is a severe shortage of rentals as well).

 

[Bigdog]

That's exactly what we're going thru in our neighborhood at the moment. A developer wants to rezone 3 acres of land adjacent to our property from residential to residential/commercial that allows high density, high rise housing. When his architect presented a power point showing the plans the entire audience would've thrown rotten tomatoes at him if they had them. Women were in tears. The land sits on a hill about 20 feet above our back yard and the developer wants about 5 seven story bldgs. built.
That's insane to try to rezone that drastically that would significantly change the character of the neighborhood.
It's not fair to pull the rug out from under people for any reason, has nothing to do with age. There are families of several different generations in our neighborhood. Nobody wants this to happen.

Thanks Doc. Exactly what I'm talking about.

I only mentioned age because the OP blamed aging boomers.

You work all your life, make your mortgage payments, ... and when your too old to work ... then some builder rezones and your home suddenly loses 70% of it's value, wiping out most of your "savings".