Ramit Sethi argues that boomers who bought homes cheap then blocked new housing in their neighborhoods are pulling up the drawbridge on their own kids. NIMBY policies keep supply low and prices high, locking out younger generations from homeownership.
We're just going to ignore that data? Oh, I already know what your next reaction is going to be. Well, we worked hard and now it's your time to figure it out yourself. You worked hard and as soon as you bought a house, you pulled up the drawbridge around you and didn't let anybody else buy a house. You're a NIMBY and that has caused your own children to not be able to live in the same neighborhood they grew up in. But you don't care.
