real-estate-politics2.545 min read "Baby Boomers' Reluctance to Downsize Exacerbates Housing Crisis for Millennials"
Many baby boomers are holding onto their large homes, making it difficult for millennials with growing families to purchase homes, which could impact the 2024 election as Gen Z and millennial voters are priced out of housing markets. The housing shortage and high mortgage rates are contributing to the struggle, and many young voters are frustrated with the lack of action from leaders in Washington. President Biden has emphasized housing affordability, but there is a sense of disillusionment among younger voters, which could potentially benefit former President Trump despite the left-leaning orientation of many young voters.
2 years ago•Source: Business Insider
