Gen Y BlameWatch: Rising Rents

Blaming "Generation Y" for everything seems to be the order of the day, especially on news.com.au. The latest problem to be caused by this generation?

Rising rents.

Mr McNamara blamed the rent rises on Generation Y hitting their late 20s and moving out of home. "Inner city markets are experiencing rapidly rising rents through the influence of Generation Y," he said. He believed Generation Y tenants would rather "pay exorbitant rent in inner city locations than live in what they see as the cultural wasteland of suburbia."

If only those pesky youngsters would buy an overpriced house in the suburbs, the sensible older generation wouldn't have to pay so much rent!

(source)