According to The Wall Street Journal, the new hip trend for twenty somethings is buying up luxury real estate. Whaaa?
This month, the now 28-year-old Mr. Winter, who runs his own interior design firm, paid about $1.7 million for his second home, a three-bedroom, Spanish-revival in Westwood, a neighborhood near UCLA.
Oh how we hate him. This can still fit into the narrative that millennials are lazy. After all, these young moguls couldn’t possibly have made all this money on their own. These are the children of privilege we’re talking about–the Rich Kids Of Instagram–and they’re doing alright. Spanish-revival in Westwood alright. And speaking of Instagram, the following paragraph is enough to make me rethink my position on millennials. At least the ones who don’t seem to have worked for anything.
“The fact that the building was all over Instagram, that definitely made me feel like it was new and chic,” says Joseph Hanono, a 29-year-old who runs his own insurance company and is in contract to purchase a 600-square-foot unit in the building for close to $1 million. “I feel like my neighbors there are going to be the kind of people I want to be neighbors with,” he adds, “people who make me feel confident that I am building real equity with this apartment, rather than owning some random stock.”
Real quick. Seems like we need to point out this Michael Ramirez cartoon employing lynching imagery to attack Al Sharpton over the George Zimmerman verdict. We could get into the mindset that intentionally wants to upset minorities, but let’s just stick with analyzing the metaphor. Al Sharpton is the immobile tree who had the bodies tied to him by racist lynchers… so how is he responsible?
Also, I always get a kick out of political cartoonists who characterize “politics” itself as inherently bad. Politics is what Detroit needs–good politics. Particularly the kind of politics that don’t ship jobs overseas, shut down public services, and are resistant to raising taxes on the rich.