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Intro

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The Generational Illusion


The problem has been tossed around between elders and their grandchildren/children for quite some time about the hazy truth of the inequality people can see within the world of owning homes, and when to expect to see that result. Animosity between generations have existed for a while and under different  circumstances, and while that animosity has existed between the generations, it’s only caused blindness, obscurity and confusion to the new generations. Now, cut to an important realization that isn't often mentioned though - that the older people who accuse millennials of wasting money on luxuries are by and large overestimating the prices of the things that millennials and younger are spending their money on, compared to what they may have spent when they were young.  The cold truth of the matter may be defined that the “American Dream” that many people grow up on may be either changed in meaning to newer generations, or be taken more literal that the “American Dream” will always just be a dream to some rather than a conclusive goal to represent that someone is considered successful within their community. However, in reality there is a small percentage of generations like millennials and Gen Z that actually have the means to afford a home. The housing market crisis puts a damper on the excitement of buying a house for themselves. The fantasy of this has become so disconnected between generations that the unequal treatment of new generation homeowners are left in the dark as the idea of a house sounds more and more like a luxury commodity as the days go by. But why has this become the transformative ideology of simple housing, and the ownership of a home turned into such a monumental achievement in comparison to previous generations?

This page has paths:

  1. The Generational Illusion: An Essay Andy Schocket

This page has tags:

  1. Commodity Andrew Bartel
  2. Affordable Housing Andrew Bartel
  3. Generational Conflict Trisha A Bonham
  4. Demand Andrew Bartel
  5. Luxury Resource Trisha A Bonham
  6. Millennials Trisha A Bonham
  7. Amenities Andrew Bartel
  8. American Dream Andrew Bartel
  9. Bias Andrew Bartel