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I think GameStop, NFT and Crypto is a way for millennials to try to fight back against the old money / old guard (i.e, Boomers). These days even if you work in
by christiansakai 6y ago
I think GameStop, NFT and Crypto is a way for millennials to try to fight back against the old money / old guard (i.e, Boomers). These days even if you work in a FAANG company it is still a struggle to have a place in places like SF/NYC/Seattle. Not to mention student debt. Desperate millennials that see the reality that their paycheck is just gone for paying rent seekers and will never own anything in their life decided to "YOLO" and who knows, might be able to turn back the situation in their favor.
How are we supposed to get a mortgage? If during this pandemic where some housing prices go down but got snatched by Boomers for another investment.
Crypto it is.
- shahbaby 6y ago"Desperate millennials that see the reality that their paycheck is just gone for paying rent seekers" On a side note, WFH due to covid lockdowns is a rare opportunity for millennials to quickly pay off student loans. It's also a rare opportunity to cut carbon emissions. It's too bad it won't last after covid is over since there's more money to be made from the destruction of the environment along with your mental health.
- christiansakai 6y agoI think its only for millennials who work white collar jobs, and specifically engineering.
- tudelo 6y agoUhh, I think most engineers in FAANG have no real problem getting a condo or even a house, and renting works as well. I guess as an L3/new grad it would be out of reach to buy in markets like NYC...