Lemmy Fans

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Welcome to Lemmy.fan!

This instance succeeds on one simple mantra: Be kind, and do unto others as you have done to yourself. Consider for a moment that we're ALL on the the same rapidly-spinning, mostly-watery orb, hurtling through space at fantastic speeds, and trading metal and paper for our livelihoods. The unknown will always dwarf the known. Learning never ends. We may be experts in something, but no one person is an expert in all things.

Given that, here our are very simple

Rules

▪ Facts based in reality and science are not debatable.

▪ Opinions are great, just be ready to back yours up with a solid foundation of factual information and/or research.

▪ No NSFW communities are allowed to be created on this instance.

▪ Community creation is encouraged so long as it is actively moderated.

▪ Donations are not being accepted or expected. This rule may change IF the instance grows beyond current capacity. Please enjoy an ad-free, donation-free social media experience.

▪ Lastly, negative behaviors such as trolling, harassment, stalking, brigading, and other offensive behaviors as judged by the instance admin(s) will not be tolerated. Immediate and permanent bans are issued for spammers, trollers, vote brigaders, stalkers, harassers, and those of similar ilk. All decisions will be made by the instance admin(s). Those decisions are final and incontestable.

That's the end of the boring but necessary stuff.

Alternate UIs

Want a reddit-like experience? Check out https://old.lemmy.fan (mlmym)

Alexandrite is a gorgeous, highly-customizable Lemmy frontend. https://a.lemmy.fan (Alexandrite)

Photon UI offers a sleek and responsive Lemmy experience. https://photon.lemmy.fan (Photon)

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'Disenfranchised' millennials feel 'locked out' of the housing market and it taints every part of economic life, top economist Mark Zandi says (fortune.com)
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'Disenfranchised' millennials feel 'locked out' of the housing market and it taints every part of economic life, top economist Mark Zandi says (fortune.com)
 
 

Few milestones in life mean as much to the American Dream as owning a home. And millennials have encountered the kind of trouble totally befitting their generation, which largely graduated into the teeth of the disastrous post-2008 job market. Just as they entered peak homebuying and household formation age, housing affordability is at 40-year lows, and mortgage rates are near 40-year highs.

The anxiety this generation feels about the prospect of never owning their own home affects their entire perception of their finances and the economy, says Moody’s chief economist Mark Zandi.

“If they feel like they’re locked out of owning a home it colors their perceptions about everything else going on in their financial lives,” Zandi says.

Millennials have long been dogged by a brutal housing market. They faced not one, but two, cataclysmic economic events—the Great Financial Crisis in 2008 and the pandemic in 2020. Both of which left them reeling financially and struggling to afford a home. The Great Recession decimated the real estate market as the economy nearly collapsed under the weight of tenuous mortgage backed securities. While the pandemic brought with it a remote work boom that caused millions of citydwellers to flee to the suburbs, sending housing prices soaring.

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