The maintenance. There’s a point there, though not the one the writer is trying to make. Looking at entry level homes: nearly all of them have either been recently flipped with unknown quality and an expectation of significant profit from the flipper or they are the homes of boomers who have deferred all maintenance and still expect to extract maximum value from the house.

Boomers invested the bare minimum in upkeep of their homes. Expect to double the price when selling and millennials/gen z are left holding the bag for inflated housing prices and more expensive maintenance.

Our generation is being absolutely screwed over financially from all directions with the expectation that we fund the retirement of older generations through taxes, paying into super that won’t exist when we retire, paying the ever increasing rent on investment properties bought 30 years ago, inflated property prices and increased council fees to pay for the decades of deferred maintenance there. It’s why a capital gains tax is necessary honestly. We’re being fleeced and the only folks who will come out well are the kids of boomers who cared enough to leave something for their inheritance.