1. Homeowners being a powerful political bloc and using that power to stop development is part of the problem in the first place
2. Buying a house makes sense if you're a starting a family and/or setting down roots, but that's not everyone's situation. Students or young professionals get utterly shafted by lack of rental housing, because they don't have the income or the credit to buy a house, and they don't intend on staying long they'll get eaten by the transaction fees.
2. Buying a house makes sense if you're a starting a family and/or setting down roots, but that's not everyone's situation. Students or young professionals get utterly shafted by lack of rental housing, because they don't have the income or the credit to buy a house, and they don't intend on staying long they'll get eaten by the transaction fees.