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Reply to "The median Boomer has a housing cost of $612. That includes taxes and insurance. "
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[quote=Anonymous][quote=Anonymous]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. [/quote] Every generation has something to be upset with the prior ones about, but also things to appreciate about them, no? Also, each generation has it's own unique challenges and makes it's own mistakes. Millennials are not Boomers, Gen X, Gen Z, or Gen Alpha. And in the years prior to the pandemic, most headlines on this topic noted that many Millennials didn't want Boomers' (outdated and nonurban) real estate: [i]Millennials don't want to buy baby boomers' sprawling, multi-bedroom homes, and it's creating a major problem in the real-estate market. Boomers are looking to downsize, but millennials aren't interested in their huge houses.[/i] https://www.businessinsider.com/millennials-vs-baby-boomers-big-houses-real-estate-market-problems-2019-3?op=1 [i]Boomers, Millennials, and the McMansions No One Wants[/i] https://www.realtor.com/news/trends/boomers-millennials-and-the-mcmansions-no-one-wants/ [i]Millennials don’t want the homes their parents worked hard to buy[/i] https://genhq.com/millennials-dont-want-buy-baby-boomers-homes/ [i]Millennials are making 3 key decisions that are wiping out the starter home — and it's changing what homeownership in America looks like[/i] -The typical millennial is renting longer and buying later, surpassing the need for a starter home. -A delay in homeownership gives millennials more time to build wealth, meaning that for some their first home is a million-dollar luxury home. -Some rich urban millennials prefer to rent in the city and buy a vacation home instead of a primary residence. https://www.businessinsider.com/personal-finance/millennials-wiping-out-starter-homes-real-estate-2019-4?op=1[/quote]
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