The Missing Middle with Mike Moffatt and Sabrina Maddeaux How to Argue About Housing at Your Holiday Dinner
Dec 18, 2024
Get ready for a deep dive into the housing crisis that Millennials and Gen Z face today! The discussion sheds light on the stark contrast in homeownership experiences between generations, as well as the widening gap between income and housing prices. Expect rants over outdated government policies and the emotional challenges surrounding family planning in expensive urban areas. The hosts equip you with debates to tackle during holiday dinners, and they blend humor with crucial facts to spark conversations about housing affordability and generational wealth.
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Affordability Crisis: A Generational Divide
- Millennials and Gen Z face a different affordability challenge than previous generations.
- High home prices, not just interest rates, are the core issue, making homeownership difficult despite historically low rates.
Homeownership: A Changed Landscape
- Cara Stern recounts a story of her parents' generation buying homes in their 20s.
- She contrasts this with the challenges millennials face, citing high rents and Toronto's one-bedroom average of $2,300.
Challenge Restrictive Housing Policies
- Advocate for government policies that increase housing supply and reduce demand.
- Challenge policies like rising development charges and zoning restrictions.