Reply to Honestly the complete disregard for GenX financial strain is getting old

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I live in a highly desirable suburb with top schools, and half my street of large homes with property is occupied by Boomers or older Gen X with grown and flown kids.

My theory? We are just stuck. Many people in their late 60s and early 70s are still caring for elderly parents who had them so darn young. Coming up behind these Boomers are Gen X and Millennials who aren't having kids, or having them late. So there's no incentive to move to be nearer to grandchildren because they don't exist. Instead, everyone's visiting the nursing home.

It's depressing.[/quote]

That's not exactly why. As older GenX I want to downsize, but all the "downsize" houses are more expensive than my current "large" house we purchased at a lower interest rate and are still payoff the mortgage.

A lot of older boomers have paid off mortgage. Most of us who are younger than that have had to move multiple times for job hunting. As an older gen xer, each time  I moved, the next house cost double my previous house. I would love to move once we can afford to retire at age 70, but we will have to see if it's affordable for us

I also live on a street filled with older boomers, and know they are staying put because their current house is the most affordable option for them, not because they necessarily want to continue to live there. [/quote]

Both posts are true from what I’m seeing. [/quote]

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