3 ms·
Ah, so all the boomers who want to use their houses as nest eggs and have driven up prices making housing unaffordable for future generations have also wrecked
by rmk 3y ago
Ah, so all the boomers who want to use their houses as nest eggs and have driven up prices making housing unaffordable for future generations have also wrecked the prospects of those less fortunate in their own generation. What's more unconscionable is the fact that young people are not forming families, not that some boomers are facing the consequences of their actions. It would be nice if all boomers faced the music, but that ain't gonna happen.
- postalrat 3y agoAnyone who buys a house wants to use it as a nest egg. Its not just a baby boomer thing. You want cheap housing? Figure out a way to build houses for cheap. That's how it was done in the past.
- rabuse 3y agoAgree with this. I've honestly been thinking about tapping out of the rental game and just going full van life for awhile, with the ability Starlink grants to us remote workers.
- throwaway5959 3y agoSmaller houses might help.
- rmk 3y ago> Anyone who buys a house wants to use it as a nest egg. Its not just a baby boomer thing. This is a recent phenomenon, and it is not universal at all. The boomers are the first generation not to protect pensions but instead gut them, and also to simultaneously use their houses as ATMs which HELOCs and such, which exploded in the boomers' heyday, the mid-late 80s. Almost every large institution and measure that supports the rampant inflation of house prices and keeps their values afloat came into its own with the explicit encouragement and effort of the boomers.