

Doing their not-own thing: “generation rent”
10 snips Jun 11, 2024
Tom Sasse, Public policy correspondent at The Economist, dives into the struggles of 'Generation Rent'. He explores why millions are burdened by high rents and inadequate housing policies. Sasse critiques the unintended consequences of rent control, particularly using Sweden as a case study. The conversation touches on the complex issues surrounding TikTok’s ownership and U.S. security concerns. Lastly, he discusses how contemporary female artists are reinvigorating the album format, contrasting it with the previous dominance of singles.
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Generation Rent
- "Generation Rent" describes millennials stuck renting, unable to buy homes.
- Factors include job scarcity, inflated house prices, and tighter mortgage rules.
Rent Control Issues
- Rent control, while politically popular, can cause inefficient housing allocation.
- Economists like Milton Friedman warned against rent control's negative impacts, such as hindering new construction.
Stockholm's Rent Control
- Stockholm's strict rent control has created a 20-year waiting list for apartments.
- This discourages moving and keeps housing allocated to those who may no longer need it.