According to a new SunTrust poll, one-third of millennial homeowners say their decision to buy a home was affected by their desire for more space for their dog. Of millennials surveyed, 66 percent cited more living space, 36 percent cared about building equity, and about 25 percent wanted a home due to getting married. About 33 percent were focused on providing a better standard of living for their dogs.
At first glance, this could be construed as yet another rite of passage millennials are ruining––more millennials care about their dogs than getting married, or the birth of a child?
Read the rest at: Washington Examiner
The latest Young Voices podcast features Nick Zaiac and Daniel Pryor. Today they will talk about Nick’s chapter in Young Voices’ new eBook, which discusses the challenges faced by millennials in US land use policy.
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“The rent is too damn high!”
Airbnb is the new target of this familiar complaint from residents and politicians of major cities throughout the United States. The spurious claim is that Airbnb, an online service that connects people with spare space with those who need a place to stay, raises the price and reduces the overall supply of housing. Therefore, critics say, regulating Airbnb will prevent long-term housing areas from resembling hotel or apartment districts, resulting in a more affordable housing environment.
Although the call to fix housing shortages is welcome, the real culprit of high rents is local governments—not Airbnb.
Specifically, housing shortages in many cities, including San Francisco and Los Angeles, were caused and perpetuated by city governments’ unwillingness to increase their housing supply.
Read the rest on Forbes here.