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Haha, that's why I said "I don't know who Voskuil" is... because I was wondering if he's an economist. A lot of economists love being massive contrarian dickheads.
He's the current main dev of libbitcoin and author of Cryptoeconomics Fundamental Principles of Bitcoin.
He's definitely contrarian.
Cool... I can respect his contributions to bitcoin, but he's wrong on housing.
If his main point was that "life is actually better for young people now, stop complaining", I wouldn't disagree... though there'd be some nuance to add.
(Basically, I think young people are less happy, but it's in many ways self inflicted... and not correctable by moar material goods.)
"life is actually better for young people now, stop complaining"
That's kind of how I read him.
I think young people are less happy
Hyperbolically, I'd ask: but isn't that because if you grow up having everything, and the only thing you do (all damn day) is measure your life to that of a celeb on tiktok, you will not be easily satisfied?
Social media comparison game, overly high expectations, lack of purpose and identity, lack of in-person interaction, culture that promotes consumerism without telos, you name it
Guy just seems like a dick head to me.
All I can say anecdotally is that people are buying houses much later (all my parents' generation had houses age 25, no special high-paid jobs), the size of the deposit is absolutely massive. People who say new houses are better quality - most of the new builds in the UK are fucking shit.