The median Boomer has a housing cost of $612. That includes taxes and insurance.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Seriously dumb criticism. Every generation nearing death had, has and will have relatively low housing costs. Their expenses were incurred earlier in life.

But food news for whining millennials. They will inherit these assets en masse.

No we won’t. Our parents are going to have to spend down everything they ever saved (if they saved) in end of life care that can run $5k+ a month. Boomers are going to live for a long time, this will easily drain most of the “inheritance” the average Boomer might’ve accumulated.

Good.

NP. How old are you?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Stop your whining and get a therapist to help you deal with your very transparent issues with your parents.

NP. My parents aren’t Boomers but I legitimately don’t see how people don’t understand why Millrennials/Gen Z/Gen Alpha feel enraged that no matter how hard they work they will never have the ability to build wealth the way previous generations did.

Who do you think is going to inherit the houses and 401k balances of boomers?

Real answer: private equity and asset management firms that own housing vulture funds, nursing homes, hospital networks, and physician practices.

Nope. Our multimillions will be going to our two millennial kids. We bought LTC insurance. DH and I inherited nothing from our parents. We know many families like ours. The kids will be alright.

Np but if you live to 90, your 60 year old kids won’t need your millions. They needed it when they were 30

Do u ever stop making excuses and whining about getting free money?

+1. Sad.

[Anonymous]

Anonymous wrote:What’s with all the boomer hate?

Let’s see. They have indebted and ruined our country in self-serving ways. They are self involved often letting family hang out to dry. Every problem America faces traces back to that generation . . .

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I was in Texas recently. Lots of new construction homes being built.

The irony of red states generally having less restrictive zoning.

https://www.newsweek.com/blue-states-housing-market-crisis-1877226

Texas is big and flat. Very easy to build. California has challenging geography - the only empty places left to build are mountainous and/or prone to wild fire risks or very inhospitable. California needs to build upward to compensate, yet nimby’s fight anything that isn’t a SFH or townhouse.

The last time we had a “New Deal for Housing” was post WW2 when the GIs came back and had no houses for their wives and kids. They had to live with aging parents. We will need another similarly dire situation in order to bulldoze over NIMBY protests to upzoning

Wait you think GenZ and Millennials are going to want to just buy condos? Lol.

No lack of Gen Z and Millennials in my California neighborhood. Doubt they want to live next to condos with their 3 kid families.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What’s with all the boomer hate?

Let’s see. They have indebted and ruined our country in self-serving ways. They are self involved often letting family hang out to dry. Every problem America faces traces back to that generation . . .

Lol, in your mind.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What’s with all the boomer hate?

Let’s see. They have indebted and ruined our country in self-serving ways. They are self involved often letting family hang out to dry. Every problem America faces traces back to that generation . . .

Now you're just trolling. Have you studied any history prior to 1945?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Stop your whining and get a therapist to help you deal with your very transparent issues with your parents.

NP. My parents aren’t Boomers but I legitimately don’t see how people don’t understand why Millrennials/Gen Z/Gen Alpha feel enraged that no matter how hard they work they will never have the ability to build wealth the way previous generations did.

I think this should be revised. It’s not that Millennials/Gen Z/Gen Alpha won’t have the ability to build wealth; they will. But it will look much more like Old Europe - building wealth will be largely predicated upon by inheriting family wealth. We’ve already started to see a reversion to European norms with increased incidence of American adult children living in the homes of their aging parents. We are becoming the worst of Europe, minus the social safety net which acts as a pressure release valve.

The fact is that Boomers built broadbased wealth easily. I know so many dumb Boomers with zero common sense sitting on 7 figure net worth out of sheer happenstance. They just happened to born post WW2 in the United States, where the runway was cleared for their takeoff. Affordable college that was still funded by taxes, multiple periods of ultra low interest rates, housing prices that that were still a low multiple of median income, etc. And now? They are sitting on stacks of cash and majorly pissed off that they might have to pay capital gains while enjoying 5.25% risk free rates. Had they been born poor in India or Syria they wouldn’t have lasted more than a few weeks before getting themselves killed. That’s how lucky they are, but you’ll never hear them ever admit it particularly as they continue to pull the prosperity ladder up behind themselves.

Good job Boomers - you turned the U.S. into Old Europe all while pretending you were better than Europeans.

If Boomers are to be criticized for anything, it’s apparently that they spawned a lot of babies who suck at adulting.

Lucky for us we’re Boomers with an eight-figure net worth (none inherited). Maybe that insulates slightly from the claim we just lucked into it, despite having no brains or common sense.

Perhaps it’s due to working our asses off and raising a family during our prime wage-earning years, rather than spending our free time complaining that the “Greatest Generation” wasn’t really so great after all, was undeserving of the title, blah blah blah.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Stop your whining and get a therapist to help you deal with your very transparent issues with your parents.

NP. My parents aren’t Boomers but I legitimately don’t see how people don’t understand why Millrennials/Gen Z/Gen Alpha feel enraged that no matter how hard they work they will never have the ability to build wealth the way previous generations did.

I think this should be revised. It’s not that Millennials/Gen Z/Gen Alpha won’t have the ability to build wealth; they will. But it will look much more like Old Europe - building wealth will be largely predicated upon by inheriting family wealth. We’ve already started to see a reversion to European norms with increased incidence of American adult children living in the homes of their aging parents. We are becoming the worst of Europe, minus the social safety net which acts as a pressure release valve.

The fact is that Boomers built broadbased wealth easily. I know so many dumb Boomers with zero common sense sitting on 7 figure net worth out of sheer happenstance. They just happened to born post WW2 in the United States, where the runway was cleared for their takeoff. Affordable college that was still funded by taxes, multiple periods of ultra low interest rates, housing prices that that were still a low multiple of median income, etc. And now? They are sitting on stacks of cash and majorly pissed off that they might have to pay capital gains while enjoying 5.25% risk free rates. Had they been born poor in India or Syria they wouldn’t have lasted more than a few weeks before getting themselves killed. That’s how lucky they are, but you’ll never hear them ever admit it particularly as they continue to pull the prosperity ladder up behind themselves.

Good job Boomers - you turned the U.S. into Old Europe all while pretending you were better than Europeans.

If Boomers are to be criticized for anything, it’s apparently that they spawned a lot of babies who suck at adulting.

Lucky for us we’re Boomers with an eight-figure net worth (none inherited). Maybe that insulates slightly from the claim we just lucked into it, despite having no brains or common sense.

Perhaps it’s due to working our asses off and raising a family during our prime wage-earning years, rather than spending our free time complaining that the “Greatest Generation” wasn’t really so great after all, was undeserving of the title, blah blah blah.

+1. I always told my Greatest Gen parents, children of the Great Depression and WW2 veterans, that they should spend their hard-earned money on themselves. Take that trip, eat out at the nice restaurants, buy season tickets and see those shows , finally treat yourself to that Mercedes--you earned it. We ended up with no inheritance since two GenX siblings had failed to launch due to mental illness. We still loved and honored our parents because they did their best and had never counted on a handout.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What’s with all the boomer hate?

Let’s see. They have indebted and ruined our country in self-serving ways. They are self involved often letting family hang out to dry. Every problem America faces traces back to that generation . . .

Ah, ok. Your complaint is that Mommy and Daddy aren’t subsidizing your lifestyle.

[Anonymous]

My takeaway from this article was actually a sad takeaway. That underlying all this is the decision-making paralysis that comes with advanced age.

I got the sense many of them do want to move and don’t have a plan for when they really become infirmed…however change gets almost impossible if you haven’t done it by like 70.

They won’t admit it, but that was actually the case with my parents…yet if they were interviewed for an article like this they would have given all the same answers.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I was in Texas recently. Lots of new construction homes being built.

The irony of red states generally having less restrictive zoning.

https://www.newsweek.com/blue-states-housing-market-crisis-1877226

Texas is big and flat. Very easy to build. California has challenging geography - the only empty places left to build are mountainous and/or prone to wild fire risks or very inhospitable. California needs to build upward to compensate, yet nimby’s fight anything that isn’t a SFH or townhouse.

The last time we had a “New Deal for Housing” was post WW2 when the GIs came back and had no houses for their wives and kids. They had to live with aging parents. We will need another similarly dire situation in order to bulldoze over NIMBY protests to upzoning

Wait you think GenZ and Millennials are going to want to just buy condos? Lol.

No lack of Gen Z and Millennials in my California neighborhood. Doubt they want to live next to condos with their 3 kid families.

Of course they don’t. And most people don’t want to buy them either. PP’s pipe dream of just building up is truly one of the most stupid takes given that you can’t increase infrastructure to support all the people that would then supposedly move into these multifamily buildings.

Those that have advocated to move job centers to less urban areas and build around them is one of the best ways to support the ability for younger generations to buy homes. So is increasing the ability to continue to work from anywhere, significant cost increases on investment properties, limiting Air BnB etc, limiting foreign investment etc.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Seriously dumb criticism. Every generation nearing death had, has and will have relatively low housing costs. Their expenses were incurred earlier in life.

But food news for whining millennials. They will inherit these assets en masse.

No we won’t. Our parents are going to have to spend down everything they ever saved (if they saved) in end of life care that can run $5k+ a month. Boomers are going to live for a long time, this will easily drain most of the “inheritance” the average Boomer might’ve accumulated.

Good.

NP. How old are you?

Why are you asking this?

[Anonymous]

Let’s put all the Boomers in internment camps and take their houses.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What’s with all the boomer hate?

Let’s see. They have indebted and ruined our country in self-serving ways. They are self involved often letting family hang out to dry. Every problem America faces traces back to that generation . . .

Ah, ok. Your complaint is that Mommy and Daddy aren’t subsidizing your lifestyle.

Yes they want free weekly child care and mommy and daddy all expense paid vacations to the destination of their choice. Anything less is considered neglect. All with no strings attached of course, such as a modicum of respect. It's a one way street.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Stop your whining and get a therapist to help you deal with your very transparent issues with your parents.

NP. My parents aren’t Boomers but I legitimately don’t see how people don’t understand why Millrennials/Gen Z/Gen Alpha feel enraged that no matter how hard they work they will never have the ability to build wealth the way previous generations did.

I am a millennial and I’ve had no problems building wealth.