What do you think : Boomers climbed up the ladder and pulled it up after them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have a boomer supervisor who managed to stay in one job for 35 years. She doesn’t understand that you can’t buy a nice single family home in a safe commuter neighbourhood for less than $500,000 in the DMV area. Salaries have not kept up with housing and food prices to be able to afford the same lifestyle like she managed to secure for herself without doing anything special. She doesn’t care either. This is the boomer attitude.

Of course you can. You can buy a nice house, just not a nice McMansion. When I was growing up, successful people lived in modest homes. That is still doable. What's wrong with that?

This x1000. Unfortunately Millennials missed the message that you begin with a starter home and work your way up. All Millennials know is from Instagram and no one has a starter home on Instagram. There is something wrong with that whole generation - they don't understand that you have to do the work in order to get what you want.

By starter home what do you mean? A tiny home with bad schools and crime like PP — those won’t appreciate as fast as the homes with good schools, so are actually a bad deal as the owner falls behind.

There are few starter home options — condos and townhouses often depreciate, and have high fees.

This is “avocado toast” all over again; meanwhile you bought a brand new Levittown SFH for peanuts, with brand new high performing schools (granted part of why they were good is they were segregated to keep poor kids out).

If they bought a brand new Levittown home they certainly aren't a Boomer. Maybe Silent Generation?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Boomers and the people who raised them did without all the stuff. They were happy in a 3BR 1BA house, and a car. It’s the subsequent generation that created Affluenza and the Teardown RE market.

Huh? My parents are boomers. I always grew up in 5 or 6 bedroom houses, 1 international vacation a year, car at 16, state college paid for. My dad was an engineer.

I'm sure a lot of boomers lived in a 3/1 house, but not middle class ones. Working class has always struggled. I would say that my parents benefited from college in a society where few people went to college. If you went to college you were basically guaranteed a nice, stable middle/upper middle class life style.

I am a tail end boomer. Middle class. Our first house was 3/2. We traded to a 5 bedroom house after a lot of hard work and two jobs and freelance work too.

My Gen X friends ha e the big fancy houses and cars and vacations etc

[Anonymous]

Anonymous wrote:

Anonymous wrote:Boomers put in long hours, don't work from home and dont use social media all day.

+1

+2

[Anonymous]

Anonymous wrote:

Anonymous wrote:I get so tired of this. I am 60 year old boomer. I have always worked, and so have the majority of my friends. Yes, housing was less expensive when we bought our first house, but it is also what most of later generations would call a sh*t shack and would not live in (it has in fact since been torn down). I don't get a pension so have saved for my own retirement. Maybe I will get social security but who knows for how long. I have never counted on it. I fully paid for my millennial children to go to private colleges - and they both have good jobs. We will help them with house purchases when it's that time. And they will get a nice inheritance when we die.

Sounds nice. My parents didn't pay for college for me and did not help with a home purchase. They expected me to pull myself up by my bootstraps, as they had. That's the attitude I hear from a lot of boomers, with no understanding that it's a bigger lift. But whatever, your daughters must represent the whole entitled millennial group.

DP here. Also a boomer. None of my boomer friends who could afford to help their kids with college and down payments etc refused to do so in the name of “expecting kids to pull themselves up by their bootstraps as they did.” Just because your parents suck, it’s not fair to paint a whole generation of parents as sucking.

[Anonymous]

I am a boomer. We really outworked by far today’s young workers.

For instance I did not have luxury to go away to school. I lived at home and worked full time while doing 15 credits a semester.

I worked full time Barclays Bank 18-19 then MasterCard 19-22. Then a managing training program 22-23 then a Wall Street managing trading program at 23-27. Then 27 to 30 another job and finished up MBA.

By 30 I had 5 full time jobs at name brand companies. 12 years work experience, MBA and 8 years managing staff.

The 30 year olds I work with most are WFH full time on a hoodie with no staff, no MBA maybe in second job.

[Anonymous]

Anonymous wrote:I am a boomer. We really outworked by far today’s young workers.

For instance I did not have luxury to go away to school. I lived at home and worked full time while doing 15 credits a semester.

I worked full time Barclays Bank 18-19 then MasterCard 19-22. Then a managing training program 22-23 then a Wall Street managing trading program at 23-27. Then 27 to 30 another job and finished up MBA.

By 30 I had 5 full time jobs at name brand companies. 12 years work experience, MBA and 8 years managing staff.

The 30 year olds I work with most are WFH full time on a hoodie with no staff, no MBA maybe in second job.

True but Millenials aren’t as into cocaine as you were.

[Anonymous]

I think millennials really don't understand what life was like 20 years ago, 40 years ago and beyond. Those who made policy were not those who were out slugging along. People often had one car, ate at home every day, an airplane ride was a super fancy thing, and going out for coffee was unheard of. You can live the life of a boomer and save money. You can also choose a starter home (condo in a suburb that is cheaper - hence why suburbs were created by boomers), go to an in state school, send your kids to public, etc. It really isn't difficult.

[Anonymous]

People never saw an original Levittown home.

The original Levittown homes in Levittown Long Island were mass produced. They were built in one day each!

They were a 1,200 sf cape with no basement on a 60x100 plot with a totally unfinished upstairs and a driveway no garage.

They had two bedrooms and 1 bath main level. Geared towards young cash poor newlyweds.

The Dad when kid two came would finish attic himself with maybe a friend or two. Then later they build a one car garage.

Of course no AC, Diswasher etc. very basic and a far out surburb from NYC in a town no train station

Pretty sure today’s kids can afford a house like that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have a boomer supervisor who managed to stay in one job for 35 years. She doesn’t understand that you can’t buy a nice single family home in a safe commuter neighbourhood for less than $500,000 in the DMV area. Salaries have not kept up with housing and food prices to be able to afford the same lifestyle like she managed to secure for herself without doing anything special. She doesn’t care either. This is the boomer attitude.

Of course you can. You can buy a nice house, just not a nice McMansion. When I was growing up, successful people lived in modest homes. That is still doable. What's wrong with that?

This x1000. Unfortunately Millennials missed the message that you begin with a starter home and work your way up. All Millennials know is from Instagram and no one has a starter home on Instagram. There is something wrong with that whole generation - they don't understand that you have to do the work in order to get what you want.

By starter home what do you mean? A tiny home with bad schools and crime like PP — those won’t appreciate as fast as the homes with good schools, so are actually a bad deal as the owner falls behind.

There are few starter home options — condos and townhouses often depreciate, and have high fees.

This is “avocado toast” all over again; meanwhile you bought a brand new Levittown SFH for peanuts, with brand new high performing schools (granted part of why they were good is they were segregated to keep poor kids out).

If they bought a brand new Levittown home they certainly aren't a Boomer. Maybe Silent Generation?

That's exactly right. The Boomers were the babies brought home to live in Levittown. People are so wrapped up in there generational hate.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Boomers put in long hours, don't work from home and dont use social media all day.

+1

+2

LOL, boomers put in long hours and don't work from home because they refuse to learn how to use technology and it takes them 2 hours to merge a PDF that a millennial can do in 30 seconds. Well, I say "takes them 2 hours to merge a PDF" but that would imply they actually accomplished the task. More like they wring their hands for 2 hours before getting a millennial to do it. Probably from home.

Nice self-own though grandpa.

[Anonymous]

Nope. Boomers aren’t “pulling up the ladder”. The issue is that there are a LOT of Boomers. Many Boomers worked jobs without traditional pensions. Living costs, especially real estate expenses have increased. So Boomers are continuing to work — instead of retiring— as many would prefer to do, and living in their own homes. It’s not that Boomers deliberately “pulled the ladder up “ after them, it’s that the turnover of jobs and homes from one generation to another isn’t happening as quickly as it did in prior generational shifts.

[Anonymous]

Anonymous wrote:Nope. Boomers aren’t “pulling up the ladder”. The issue is that there are a LOT of Boomers. Many Boomers worked jobs without traditional pensions. Living costs, especially real estate expenses have increased. So Boomers are continuing to work — instead of retiring— as many would prefer to do, and living in their own homes. It’s not that Boomers deliberately “pulled the ladder up “ after them, it’s that the turnover of jobs and homes from one generation to another isn’t happening as quickly as it did in prior generational shifts.

You forgot the part where boomers voted in (and continue to vote in) the scumbag politicians who did (and continue to do) everything they can to kneecap everyone younger than the boomers.

[Anonymous]

Anonymous wrote:People never saw an original Levittown home.

The original Levittown homes in Levittown Long Island were mass produced. They were built in one day each!

They were a 1,200 sf cape with no basement on a 60x100 plot with a totally unfinished upstairs and a driveway no garage.

They had two bedrooms and 1 bath main level. Geared towards young cash poor newlyweds.

The Dad when kid two came would finish attic himself with maybe a friend or two. Then later they build a one car garage.

Of course no AC, Diswasher etc. very basic and a far out surburb from NYC in a town no train station

Pretty sure today’s kids can afford a house like that.

Exactly. Younger people want their parents’ lifestyle when they were 60, not their lifestyle when they were 30.

[Anonymous]

I am an older millennial and our family was lower MC. We only had one car and both my parents worked. However, they did instill a lot of work ethic values into both my sister and me so that we knew to pursue degrees and jobs in fields that would provide well for ourselves and the next generation. However, I do think that with each new generation there will be less likelihood that one can live on one salary and especially not one blue collar salary.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Nope. Boomers aren’t “pulling up the ladder”. The issue is that there are a LOT of Boomers. Many Boomers worked jobs without traditional pensions. Living costs, especially real estate expenses have increased. So Boomers are continuing to work — instead of retiring— as many would prefer to do, and living in their own homes. It’s not that Boomers deliberately “pulled the ladder up “ after them, it’s that the turnover of jobs and homes from one generation to another isn’t happening as quickly as it did in prior generational shifts.

You forgot the part where boomers voted in (and continue to vote in) the scumbag politicians who did (and continue to do) everything they can to kneecap everyone younger than the boomers.

So, you’re conflating being a “Boomer” with being mostly white and mostly Republican? Something else?