Boomers can’t downsize

[Anonymous]

Anonymous wrote:

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.

I bet I live longer.

[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.

Do you have any friends?

Many.

And a Savior too.

[Anonymous]

If Airbnb gets regulated elsewhere, prices will fall. NYC will be the test case.

[Anonymous]

Anonymous wrote:If Airbnb gets regulated elsewhere, prices will fall. NYC will be the test case.

Mom and Pop enterprises are always attacked by government since they reward freedom.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Looking here and the numerous send ups of Boomers on insta , I am here to say that most millennials are entirely unschooled as to who the Boomers were. Boomers are constantly confused with my parents' generation. None of this is true- about anything- housing, jobs, pensions, inflation, anything.

Tons of boomers born 1960- 1964 still working. SS is 67 and Medicare is 65. They are not old enough to retire.

Numerous boomers still have kids in HS and college. They are laying 2023 prices for college.

And pensions were phased out in the 1970s and 1980s most big companies. They just have 401ks. And they did not get medical on retirement.

For instance American Express froze its pension plan and post retirement medical benefits in 1991. And they were generous as never canceled. But you have to retire from there at 65 to get it and they did massive layoffs in 2000 and 2009. Do you really think there are anf pre 1991 employees left?

My first company canceled pensions in 1982 when rates shot up.

And 401ks unless you are paid very well and get a good match good luck.

People born between 1960-1964 are not boomers. If you look as the stats the birthrate fell off a cliff with the advent of the pill in 1960. The seminal events of the boomers are Kennedy’s assassination, the moon walk and Viet Nam - none of those were as important to those born between 1960-1964 even if they were alive or actually remember.

When they started talking about the boomers vs Gen-X they ended boomers in 1960 and started GenX in 1970. Then someone went “oops we forgot the 60’s and split the difference. Those born between 1960 and 1970 are neither really.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If Airbnb gets regulated elsewhere, prices will fall. NYC will be the test case.

Mom and Pop enterprises are always attacked by government since they reward freedom.

it isn’t the mom and pop enterprises that are ruining Airbnb.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

I bet I live longer.

You may. Or it may just seem like you do.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

I bet I live longer.

You may. Or it may just seem like you do.

To you it would I get that. But I’m addressing the unhappy Uberconsuming here complaining they can’t buy a home seething with envy and covetousness.

[Anonymous]

It would help if people mentioned what state or area they are living in.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s the Boomer’s America, the rest of us just live in it.

You are absolutely wrong. I graduated college in the worst recession. Rationed gas, lines for miles to even get some. No jobs at all. Interest rates for mortgages were in the high teens, dropped over 2 decades slowly. We lived in apts, then THs , and either stayed there or bought a bigger place when we were READY and not everyone did, and the place wasn't huge. We were public servants- much lower salary and far less govt promotions, but we didn't travel to Europe, we bought used cars, our kids didn't go to pricey camps, but they had college paid for- because we saved. No, we didn't have marble anything, or the newest reno, but our house was great. We both have multiple degrees, but we knew that did not translate to large salaries. We got over that and focused on what mattered.

No, I am not feeling the need to sell my hard earned and lived in house to you. Sorry.

They had college paid for because it was a fraction of what it is today because it was heavily subsidized. You boomers cut funding. You voted yourself nice pensions and gold plated health insurance benefits. Do you think we get any of that? Think we will ever see a pension? You also take out far more in social security than you will ever put in, Boomer.

They didn’t have college paid for. Most boomers were the first in their families to go to college at all. They also didn’t have luxury dorms on campus, multi million dollar fitness centers, and pro team stadiums. Our lives are different but the boomers aren’t to blame.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s the Boomer’s America, the rest of us just live in it.

You are absolutely wrong. I graduated college in the worst recession. Rationed gas, lines for miles to even get some. No jobs at all. Interest rates for mortgages were in the high teens, dropped over 2 decades slowly. We lived in apts, then THs , and either stayed there or bought a bigger place when we were READY and not everyone did, and the place wasn't huge. We were public servants- much lower salary and far less govt promotions, but we didn't travel to Europe, we bought used cars, our kids didn't go to pricey camps, but they had college paid for- because we saved. No, we didn't have marble anything, or the newest reno, but our house was great. We both have multiple degrees, but we knew that did not translate to large salaries. We got over that and focused on what mattered.

No, I am not feeling the need to sell my hard earned and lived in house to you. Sorry.

They had college paid for because it was a fraction of what it is today because it was heavily subsidized. You boomers cut funding. You voted yourself nice pensions and gold plated health insurance benefits. Do you think we get any of that? Think we will ever see a pension? You also take out far more in social security than you will ever put in, Boomer.

They didn’t have college paid for. Most boomers were the first in their families to go to college at all. They also didn’t have luxury dorms on campus, multi million dollar fitness centers, and pro team stadiums. Our lives are different but the boomers aren’t to blame.

2 years community college, 2 years flagship satellite campus equals 4 year name brand degree for 20k.

Strapped with loan debt is not a sign of intellect.

[Anonymous]

I used to rent a Hamptons summer place for years at the beach way back pre-Airbnb and the internet.

Nearly all leases were Memorial Day to Labor Day and occasionally a monthly rental if owner wanted to use it part of summer.

Rentals were licensed and registered and paid a fee to town and town got copy of lease with renters names and home addresses.

In NYC it has always been rentals less than 30 days illegal without a hotel license. It is just being enforced now.

AIRBnB drove Hampton prices through the roof and drove rents sky high and created headaches for locals.

Rehoboth, Outerbanks, Ocean City, Jersey Shore should do the same ban rentals less than 30 days.

My one Hampton rental was owned by a NYC cop and nurse I rented two years and they let me keep keys off season. He even stopped by for a keg party. He mail is lease and I mail back personal check. It was $10,000 a summer rent and a five bedroom ranch and we had 10 shares. $1,000 each. With Airbnb a house like that can now get $1,000 a night! Which in turn sent prices through the roof. Destroyed neighborhoods. There is no Hamptons income tax on rentals so they get zero and most investors don’t live out there.

It also ruined it as a retirement location. Everything is priced for its Airbnb potential.

So yes the Boomers are pissed at the younger generations. You stole our retirement dream of going by beach and in turn we can’t leave out big houses to downsize so you screwed your self too. Congrats.

I will sit in my 7 bedroom house in retirement whine some Airbnbs my beach house. And Gen Z now can’t afford my house or a retirement house

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s the Boomer’s America, the rest of us just live in it.

You are absolutely wrong. I graduated college in the worst recession. Rationed gas, lines for miles to even get some. No jobs at all. Interest rates for mortgages were in the high teens, dropped over 2 decades slowly. We lived in apts, then THs , and either stayed there or bought a bigger place when we were READY and not everyone did, and the place wasn't huge. We were public servants- much lower salary and far less govt promotions, but we didn't travel to Europe, we bought used cars, our kids didn't go to pricey camps, but they had college paid for- because we saved. No, we didn't have marble anything, or the newest reno, but our house was great. We both have multiple degrees, but we knew that did not translate to large salaries. We got over that and focused on what mattered.

No, I am not feeling the need to sell my hard earned and lived in house to you. Sorry.

They had college paid for because it was a fraction of what it is today because it was heavily subsidized. You boomers cut funding. You voted yourself nice pensions and gold plated health insurance benefits. Do you think we get any of that? Think we will ever see a pension? You also take out far more in social security than you will ever put in, Boomer.

They didn’t have college paid for. Most boomers were the first in their families to go to college at all. They also didn’t have luxury dorms on campus, multi million dollar fitness centers, and pro team stadiums. Our lives are different but the boomers aren’t to blame.

Who the f#ck do you think built all those outrageous amenities? Boomer higher-ed administrators making high 6 and 7-figures trying to court the attention of other Boomers footing the bill for their spoiled kids.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s the Boomer’s America, the rest of us just live in it.

You are absolutely wrong. I graduated college in the worst recession. Rationed gas, lines for miles to even get some. No jobs at all. Interest rates for mortgages were in the high teens, dropped over 2 decades slowly. We lived in apts, then THs , and either stayed there or bought a bigger place when we were READY and not everyone did, and the place wasn't huge. We were public servants- much lower salary and far less govt promotions, but we didn't travel to Europe, we bought used cars, our kids didn't go to pricey camps, but they had college paid for- because we saved. No, we didn't have marble anything, or the newest reno, but our house was great. We both have multiple degrees, but we knew that did not translate to large salaries. We got over that and focused on what mattered.

No, I am not feeling the need to sell my hard earned and lived in house to you. Sorry.

They had college paid for because it was a fraction of what it is today because it was heavily subsidized. You boomers cut funding. You voted yourself nice pensions and gold plated health insurance benefits. Do you think we get any of that? Think we will ever see a pension? You also take out far more in social security than you will ever put in, Boomer.

They didn’t have college paid for. Most boomers were the first in their families to go to college at all. They also didn’t have luxury dorms on campus, multi million dollar fitness centers, and pro team stadiums. Our lives are different but the boomers aren’t to blame.

Who the f#ck do you think built all those outrageous amenities? Boomer higher-ed administrators making high 6 and 7-figures trying to court the attention of other Boomers footing the bill for their spoiled kids.

Big Education is criminal for what they have done to young people just starting out. The money needs to be clawed back and many sent to prison. Totally immoral cabal that circles the wagons against efficiency/quality/technology benefits for youth. It’s days are numbered despite the roadblocks it throws out.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s the Boomer’s America, the rest of us just live in it.

You are absolutely wrong. I graduated college in the worst recession. Rationed gas, lines for miles to even get some. No jobs at all. Interest rates for mortgages were in the high teens, dropped over 2 decades slowly. We lived in apts, then THs , and either stayed there or bought a bigger place when we were READY and not everyone did, and the place wasn't huge. We were public servants- much lower salary and far less govt promotions, but we didn't travel to Europe, we bought used cars, our kids didn't go to pricey camps, but they had college paid for- because we saved. No, we didn't have marble anything, or the newest reno, but our house was great. We both have multiple degrees, but we knew that did not translate to large salaries. We got over that and focused on what mattered.

No, I am not feeling the need to sell my hard earned and lived in house to you. Sorry.

They had college paid for because it was a fraction of what it is today because it was heavily subsidized. You boomers cut funding. You voted yourself nice pensions and gold plated health insurance benefits. Do you think we get any of that? Think we will ever see a pension? You also take out far more in social security than you will ever put in, Boomer.

They didn’t have college paid for. Most boomers were the first in their families to go to college at all. They also didn’t have luxury dorms on campus, multi million dollar fitness centers, and pro team stadiums. Our lives are different but the boomers aren’t to blame.

The millenials are NOT the ones who were making the decisions to have those. Boomers could work a menial job and pay for college, dont gloss over that point. Boomers are the ones who made the decisions to do all of the bolded. In the 2000s many of us "millenials" were just finishing HS/finishing college. WTF.

Boomers are 1946-mid 1960s so my parents generation who were in their professional careers from the 80s-now and raising millenials. The decisions made in the 60/70/80s were due to the GI and Silent Generations and coming of age Boomers. Decisions post 80s/90/2000s were Silent Gen and BOOMER DECISIONS. Millenials did not even starting voting until 1999 and the last of us until 2014.

"In Europe and North America, many boomers came of age in a time of increasing affluence and widespread government subsidies in postwar housing and education,[6] and grew up genuinely expecting the world to improve with time.[7] Those with higher standards of living and educational levels were often the most demanding of betterment.[16][20] In the early 21st century, baby boomers in some developed countries are the single biggest cohort in their societies due to subreplacement fertility and population aging.[21] In the United States, they are the second most numerous age demographic after millennials."

So AGAIN from 1964-2010s Boomers were the largest voting block and demographic until millenials came of age.