An illustration of a house with avocados.

rzymuR/Shutterstock Irene Kredenets/Unsplash (Licensed)

Business Insider article comes full circle by blaming millennials for buying too many houses

We need to buy more avocado toast to restore the balance.

Apr 15, 2021, 11:49 am*

Internet Culture

 

Siobhan Ball

Business Insider recently published a story with a headline that had had a lot of millennials shrieking as they saw that the newest thing we’re being blamed for is buying too many houses.

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It was only a few years ago when millennials were being berated for ruining the housing market by failing to buy enough houses—all because of our apparent love for avocado toast, on which many commentators seemed to believe we were spending housing deposits worth of money on every year.

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Now we’re now buying too many houses and keeping the poor Boomers from acquiring multiple properties that were theirs by right.

Ah yes, Millennials were supposed to leave those houses open for the prior two generations so we could be charged an exorbitant price for rent so our landlords can afford another yacht!
@DobermanJocks/Twitter
RESTORE THE BALANCE
@DobermanJocks/Twitter
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Won't someone think of the poor investors. How dare we try to compete for some of their inventory 🙄
@thedrawhound/Twitter
millennials don't buy homes  headlines: millennials are too lazy to buy homes  millennials buy homes  headlines: damn millennials, they're driving up prices!
@thedrawhound/Twitter

It truly is incredible how no matter what millennials do, they’ll find something to blame us for. Especially if it involves either the economy or the basic necessities of survival.

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"The only crime the millennials ever commited was being the perfect scape goat."
@CHEAZYPREDY1/Twitter
I'm a millenial and I'm holding the entire US economy hostage.  Gives us the healthcare or GMC gets the knife.
@CHEAZYPREDY1/Twitter
turning a big dial taht says "houses" on it and constantly looking back at the audience for approval like a contestant on the price is right
@CHEAZYPREDY1/Twitter
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i'm an economist and my job is real and matters and here's how the same scapegoat generation i've used 80 billion times is behind this broken market too
@deyahatesyou/Twitter

There is a long-term housing crisis in America, but it’s not caused by too many not-so-young people (remember, the oldest millennials are pushing 40) buying themselves starter homes. While the article acknowledges a serious lack of new builds is contributing to the crisis, there’s a lot more to it than that. A lack of affordable housing, while developments full of overpriced McMansions stand empty, wealthy people and corporations buying up investment properties only to let them stand empty, and the effects of cOVID and racism are all actual reasons people are struggling to find adequate housing right now. But acknowledging any of that would involve criticism of the people and structures responsible, and part of the shell game of America is ensuring they maintain their hegemony unchallenged.

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How is this possible when so many of my peers cannot find an affordable home to buy because landlords and air BNB type outfits buy it all up?
@justromsmom/Twitter
Crazy how all of the property companies and retail investor landlords aren't affecting anything 🤷
@justromsmom/Twitter
Yeah, not investment firms buying them up and driving the fucking bubble. Not boomers owning multiple places. Not single person investors buying houses to turn into vacation rentals. But millennials, because every bad thing is done by their hand, until it is Z's fault.
@Johnc1918/Twitter
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*First Published: Apr 14, 2021, 12:15 pm