Boomers can’t downsize

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Boo freaking hoo. I’m never going to be able to retire or own property. Wah wah for you that you have hundreds of thousands of equity in your house. Cry my a river

Nobody “owns” property. By the time you pay off the mortgage, the tax bill is equal or greater than the original mortgage payment. We all rent from the government.

I am an advocate for the boomer’s passive income industrial complex, not home ownership.

(I am a “mom and pop” landlord who wants to “provide” housing for you aka have you work 3 jobs to pay for my retirement)

Lolz mom and pop landlords got their ass handed to them during 3 years of Covid. Most have gotten out of it. What a nightmare.

[Anonymous]

Anonymous wrote:Boo freaking hoo. I’m never going to be able to retire or own property. Wah wah for you that you have hundreds of thousands of equity in your house. Cry my a river

It’s more like million+ equity, but thx anyway ☺️.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The young today aren’t nearly as cheap and miserly I was to get ahead financially.

The easiest and laziest way to get wealthy is to save and invest down to the penny. Never eat out, zero subscriptions, no travel, no A/C, Pump it into index funds. If a car is necessary nothing higher priced than a Mitsubishi Mirage. If single share rent with housemates.

Ah yes. Because getting rid of Netflix is what will help young people buy homes in an environment with high interest rates, out of control student debt, and high housing costs.

Oh and in the middle of dangerous heat levels, we should go without A/C.[/quote]


Well, aren’t you all against fossil fuels?! Seems to me that those A/C units are gobbling up refrigerants.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Boomers, would you like us to send the “undesirables” back to Mexico too? That may free up real estate. Any other hannity and Carlson talking points you want to run by us?

Nah. It’s your kids who will suffer with that nonsense.

Are you saying that nonsense are human beings emigrating from other countries? Just putting it on the record.

Ask Mayor Adams. He’s put all the nonsense on record.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Boo freaking hoo. I’m never going to be able to retire or own property. Wah wah for you that you have hundreds of thousands of equity in your house. Cry my a river

It’s more like million+ equity, but thx anyway ☺️.

Are you trying to impress people? Please.

[Anonymous]

Anonymous wrote:The young today aren’t nearly as cheap and miserly I was to get ahead financially.

The easiest and laziest way to get wealthy is to save and invest down to the penny. Never eat out, zero subscriptions, no travel, no A/C, Pump it into index funds. If a car is necessary nothing higher priced than a Mitsubishi Mirage. If single share rent with housemates.

What is the point of such a miserable life?

[Anonymous]

Anonymous wrote:

Anonymous wrote:That’s why I’m buying where I want to retire now. Will rent/keep for future and then sell primary home and move there.

That’s what we did. Bought in Rehoboth in 2003 at age 33 with plans to possibly enjoy, rent and move there when we retire. Retirement was a long way off when bought. Now 53 and spend over half our time in Rehoboth as can remote work. Can retire anytime and glad already have a place.

Also what we did just a few years ago. I was so happy thinking we could sell the DC house and use the equity to pay off the NC beach house and live there. But with all these hurricanes, we're starting to rethink it. Maybe better to sell the beach house and pay off the DC mortgage.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:That’s why I’m buying where I want to retire now. Will rent/keep for future and then sell primary home and move there.

That’s what we did. Bought in Rehoboth in 2003 at age 33 with plans to possibly enjoy, rent and move there when we retire. Retirement was a long way off when bought. Now 53 and spend over half our time in Rehoboth as can remote work. Can retire anytime and glad already have a place.

Also what we did just a few years ago. I was so happy thinking we could sell the DC house and use the equity to pay off the NC beach house and live there. But with all these hurricanes, we're starting to rethink it. Maybe better to sell the beach house and pay off the DC mortgage.

I know, right??

Why didn't everybody buy a beach house in their 30s? Duh. It's just common sense.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is why boomers are annoying to so many of us.

You’re so entitled.

I hate to say it, but it’s kind of true. My parents (81 and 77) are in a house that’s way too big for them, and they’d like to move, but it has to be “a very special house” for them to consider moving. I think this is a bit precious considering that realistically I doubt they will be living in this new house for more than 5 years or so, given age and health. But I keep my mouth shut and nod supportively.

You keep your mouth shut instead of saying, “You are going to die soon so live in any old place til it happens?”

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Typical boomers. Want top dollar for the home they're in now, but want to land somewhere nice and cheap.

Typical GenZ/X/Y - want to land somewhere nice, but it also has to be cheap.

Not true - most of my millennial friends bought in expensive areas because we value location over mcmansions

Your friends must be all the crazies who bought in 2020/21 and are now outgrowing their homes and are angry that they can’t afford to move up as they feel they deserve to.

Time-blessed elder millennial with a tiny forever house bought in 2009 here. I am frustrated that we don’t have affordable housing for boomers or other people who have more house than they want. Because we don’t have thwt affordable housing we don’t have affordable housing for people looking to buy a house. Then we also have trouble with affirdabme housing for renters because rental prices are inflated because of demand and richer people who can pay. This is why we support more development!

[Anonymous]

Senior living is the industry to be in. Developers should get on that $$$$

[Anonymous]

Anonymous wrote:

Anonymous wrote:The young today aren’t nearly as cheap and miserly I was to get ahead financially.

The easiest and laziest way to get wealthy is to save and invest down to the penny. Never eat out, zero subscriptions, no travel, no A/C, Pump it into index funds. If a car is necessary nothing higher priced than a Mitsubishi Mirage. If single share rent with housemates.

What is the point of such a miserable life?

It’s not miserable.. it’s resilient and strong. The addiction to slovenly eating out, expensive distractions and being served leads to envy and tantrums when the big goals are impossible as a result of weakness.

[Anonymous]

Anonymous wrote:Senior living is the industry to be in. Developers should get on that $$$$

Boomers don’t want it. See OP. She wants luxury locations on the cheap.

[Anonymous]

Anonymous wrote:Senior living is the industry to be in. Developers should get on that $$$$

Oh, so Living+?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The young today aren’t nearly as cheap and miserly I was to get ahead financially.

The easiest and laziest way to get wealthy is to save and invest down to the penny. Never eat out, zero subscriptions, no travel, no A/C, Pump it into index funds. If a car is necessary nothing higher priced than a Mitsubishi Mirage. If single share rent with housemates.

What is the point of such a miserable life?

It’s not miserable.. it’s resilient and strong. The addiction to slovenly eating out, expensive distractions and being served leads to envy and tantrums when the big goals are impossible as a result of weakness.

Yeah well we eat out several times a week, own 2 SUVs outright, go on 1-2 international vacations a year, and just bought our second home. All through the magic of simply making more money than you.

Much easier and more fun than your monk schtick.