Pennsylvania Housing Finance Agency ’s Post

A recent Redfin survey reveals that housing affordability is the top voting priority for Gen Z in this year’s presidential election, while Millennials, Gen X, and Baby Boomers prioritize overall economic strength. Nonetheless, over 80% of all generations view housing affordability as a key voting issue. This widespread concern suggests it could significantly impact candidates' platforms and policies as the election approaches. How do you think these priorities will influence the political landscape? https://lnkd.in/gKV4wQAd

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What does our data on families have to do with power tools? AIFS research was quoted in an ABC News article this week about how increasing numbers of older women are living alone: https://lnkd.in/gSfVHfbH Our research shows that more Australians are living alone than ever before, with older women over-represented in single person households. Read more about the changes to Australian households here: https://lnkd.in/gkDN2uKr #LivingAlone #SingleHouseholds #Housing #Demographics #FamilyTrends

At 81, I can speak to the age thing. I recently had a meeting with some folks in their 20’s and early 30’s. I was clearly the senior. We were talking about my American Mosaic project. There were questions about why I was doing it, what did I find, does anyone really care? I found myself recalling some of the conversations that I had with all ages around the country, as answers to their questions, and said we all care, we just may not realize it. “All of us sitting around this table care.” But maybe the most important thing I have learned is we have a generational problem and a listening problem. It is hard for us to pay attention when we are being constantly distracted. I think it is valid for young people to say older generations have left them a mess and they cannot see a clear path ahead and dream as boomers once did. And then boomers, some anyway, lament about their dreams being stolen from them and want to go back. To what? There is no going back to that post WW2 era, there might be a going backwards toward a totalitarian style of government, a lack of freedoms and many of the things we take for granted today. We have been distracted! Seriously distracted for a long time. What is amazing is how vulnerable we have become, or maybe just worn down and let others do the thinking for us. There are many who are against something or for something, but they could not tell you why.  2024 election is just around the corner. I just read a solid piece on the demographics of voters of both parties. Age is a big factor in the electorate, with a large percentage over 65 who are conservative. I think it is fare to say that democracy as we know it is on the ballot. That has been established and actually stated by both parties, and leading candidates. Different versions. The 2024 election may be one of the most important since 1864. There are many issues and 329 million people who have something on their mind. While we all care about many of the same things that we enjoy in this country, we don’t all view the world through the same lens. Nor do we all get the same information. We don’t let everyone vote. It is easy to distract and influence those with single issues and lacking factual information. Something I found traveling around the country and talking with people in the rural smaller communities is a distrust of government and politicians. We have been handed an opportunity by an extraordinary act by the President to not seek another term. A younger candidate has emerged, with energy, and character, and toughness to take on the onslaught of distracting name calling, misinformation, character attacks, and bullying by her opposition. The age thing has shifted and now rests solely on one side. Young people are recognizing this and are engaging as never before. This gives me hope, because many of the older people are out of touch with the reality of our times today. America is changing and so are we. american-mosaic.com

An excellent and informed perspective from John Van Dyke . Well worth 3 minutes of your time.

It's clear that housing affordability is not only atop everyone's mind, but is now impacting likely voting behavior of Gen Z, making this an issue that can determine outcomes in this fall election. While it's encouraging to have affordability come to the political forefront, it's going to require much more than campaign rhetoric to begin to solve the intransigence of housing cost escalations. Gen Z is also tired of hearing Baby Boomers express that they paid 12%+ interest when buying their first home, as it overlooks the fact that their incomes then (relative to the cost) still allowed them to afford a home purchase, which is simply no longer the case. "The importance of the housing affordability issue did not fall below 80% for any surveyed generation. While maintaining a 91% share for Gen Z, it also garnered 87% and third place for millennials; 83% and fourth place for Gen Xers; and 80% and sixth place for boomers." #housingaffordability #housingpolicy #homeownership #AmericanDream

Poilievre is performing rather well among this cohort. For comparison sake, at the end of the 2021 federal election, previous Conservative leader Erin O’Toole had a -6 rating among millennials while Andrew Scheer ended the 2019 election with a -25 score. Jagmeet Singh’s impression with millennials is no where near as bad as Justin Trudeau’s bad it is worse than it has been in the past. After the 2019 election, Singh’s net score was +30 and after 2021 it was +23. Singh, once widely popular among millennials, is now middling at best. But it’s Justin Trudeau who has seen the biggest shift in impressions. Just after the 2015 election when Trudeau and the Liberals won a majority thanks in part to a surge in youth voter participation, Trudeau’s net score was +22. It dropped to -3 and -2 following the last two elections. Not great, but not bad considering he was the incumbent. But today, at -32, Trudeau is as unpopular as Stephen Harper was with Millennials at the end of the 2015 election (-39).

🏡 Empty nest no more. 🏡 An astonishing 17% of 25-35 year-olds are living with their parents, up from 8% in the 1980s, and the highest figure since the 1940s. [Apartment List] ➣➣ https://loom.ly/Wl-WJAI #HousingTrends #LivingWithParents #Millennials #BoomerangKids #HousingCrisis ➣➣ Start learning Everything about REAL ESTATE: https://loom.ly/1J9YvRU

🚨 Millennials & Gen Z, listen up! A recent study reveals that Baby Boomers believe you could own homes if you tried harder. But are they dismissing the real challenges you face in today's world? 🏠 Despite what the study suggests, it's important to acknowledge that young adults are up against unprecedented obstacles when it comes to homeownership. From student debt to rising living costs, the playing field isn't the same as it was for previous generations. ✨ Here's the truth: achieving homeownership for young adults requires more than just hard work. It demands systemic change, innovative solutions, and support from all generations to tackle the issues at hand. 💡 My prediction? The conversation around homeownership will shift towards inclusivity and equity. As more voices join the discussion, we'll see a push for policies and programs that make homeownership a reality for all, regardless of age or background. 🔑 The key takeaway? Let's move beyond generational blame and work towards a future where every individual has a fair opportunity to create a home of their own. It's not about trying harder; it's about coming together to create a better, more accessible path to homeownership for all.

While still large, the income “#racegap” between low-income #Black and #White Americans narrowed but the “#classgap” or the difference in earnings between young adults born to low- and high-income parents widened, according to U.S. Census Bureau and Harvard University research. The new study focuses on how #income mobility evolved between two generations 15 years apart. #AmericaCounts