Boomers Rigged Housing Laws — Now No Young People Can Afford to Live Here
In this commentary, Ramit Sethi argues that the United States is facing a demographic and economic crisis driven by an aging population and restrictive housing policies. He notes that declining birth rates and reduced immigration have turned the nation into a predominantly older society. According to Sethi, many homeowners who bought houses in the 1970s have used NIMBY (Not In My Backyard) tactics and influenced local laws to block the construction of new, especially multifamily, housing. This has caused home values to skyrocket, making it impossible for younger generations to afford homes in major cities, effectively creating a class war. He emphasizes that a youthful workforce is essential for economic productivity and for funding social safety nets like Social Security, warning that an aging, childless population threatens these systems.
