I keep hearing this theory that the housing crisis will sort itself out as Zoomers and Millennials  inherit their parents houses... and I'm just not sure that's going to be generally true.

I think it's more likely that in most cases, those houses will be sold to pay for assisted living, end of life services and medical costs.

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Ah!   I haven't read it but I did see the interviews he was doing about how hard it is for blue states to build infrastructure.... which I think is kind of related (but obviously it's important to find balance between speedy progress and reckless progress). 

I think maybe in Denmark and Singapore the government builds all the housing and it's seen far less as an investment... I'm not too knowledgeable on this.

Ezra Klein talks about this in Abundance. Lending institutions and the government treating housing as an investment has led to a lot of societal problems because it distorts the natural supply and demand of housing.

Honestly, I really wish we all treated housing as a cost and not as a potential investment.

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I think there is going to be a lot of people who end up looking after both their parents and their kids in housing that's way too small.  It's legitimately scary.

You are 100% accurate. Kids need to talk to their parents NOW about trusts and longterm care. I don’t think half know what the reality is

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Yes, Urban, it's a drama that affects all of Latin America, but sometimes I'm surprised that it happens in other countries as well, where stability and economic conditions are supposedly better.

I'm sorry to hear that, Hank!  

You'd think it would be easy to keep housing costs affordable... people have always needed housing,  housing has always required constant maintenance, it's the same skills that have been required for a long time... it's weird that it's collapsing in so many countries at the same time.

Here in my country, the younger generations no longer think about owning a home: it's simply something out of reach. And the mentality our parents had of taking 20 years or more to build a house is no longer taken into account. 

Long-term plans are increasingly in danger of extinction.

I suppose, beyond the distances, there are similar problems.

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I mean.... as far as I understand the suburbs can't actually financially support their own infrastructure costs... so... yeah.

It is going to be full commie block subsidized living canr make it any other way

I dunno wake, how else will middlemen make millions?

Obviously I agree, but even in countries will normal medical costs this is still a huge problem... assisted living facilities are just so incredibly expensive.  There's so many angles to all of this and so many people profiting...

hear me out: what if medicine wasn’t catastrophically expensive for everyone?

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Totally, with people living longer and medical costs rising.... not to mention big extreme weather events causing chaos, it's ah, not looking to cheery for housing.

Ya I don’t think it will be this simple, unfortunately

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I'm really sorry to hear that.

We're definitely not inheriting anything either... so the big question for me is will our parents have enough to support themselves - and I'm not sure they do.

We lost your house before the pandemic so yeah, that is not gonna happen for me which is so great and guess your second part rings true

Yeah, between climate change and people just not wanting to live in FL for political reasons, I think a lot of that property could end up being abandoned.    Like, you can't purchase a property if no insurance company will insure it.

What about all those villages in fl when they pass it’s going to be who you going to call vill