The Golden State once glittered with the promise of the American Dream, a paradise where surf meets turf and everyone could afford a slice of heaven. But thanks to the Boomer generation, those dreams have been bulldozed and replaced with vacation homes for the wealthy and overpriced rental units. Gen Z, you might as well start saving your pennies for rent instead of a mortgage. The same folks who wax nostalgic about the good old days when they bought homes for a song have now orchestrated an epic housing crisis, ensuring that California’s golden dream stays just that – a dream. Welcome to the Golden State, where a once prosperous and burgeoning society has fallen victim to institutional decay and a shrinking middle class, courtesy of our dear Boomers who mastered the art of NIMBYism and speculative real estate.

Every generation’s moral narrative is a cover story for their greatest theft. What does this moral narrative look like for California Boomers? Well it’s superficial environmental sustainability under a facade of social progressivism. And the theft? Now that would be the Boomers stealing the opportunity and success of future generations.

CEQA, California's Environmental Quality Act, was supposed to protect nature, but Boomers turned it into a weapon to block new housing. By crying "environmental concerns," they've stalled countless developments, preserving their scenic views while future generations are priced out of homeownership. It’s a classic Boomer move: using a green facade to guard their golden nest eggs, all while younger Californians scramble for overpriced rentals. Thanks for the "environmentalism," Boomers—we'll be enjoying it from our 300SF apartment that cost $4,000 a month.
Beyond Technical Analysisopinion

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