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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Gen X was not old enough to barely impacted at all by 2000 stock market crash or 2008 Financial crisis.

I am a younger Boomer and I was too young to be impacted. I am not yet 65 yet so no taking anyones job. 2001-2003 2008-2018 were just buying opportunities for stocks for me an all of Gen X.

Generation X generally includes individuals born between 1965 and 1980.

Homes were priced pretty good between 2009 and 2019 so that would be 29 to 54 peak home buying years for both starter and trade up homes.

If anything older Boomers had it worse. Many  bought trade up homes or newly retired from 2005-2007 and saw home prices collaspe along with their 401ks at a time they were doing RMDs, so selling at the bottom.         [/quote]

What are you even talking about??? We are young GenX and we were definitely impacted by the 2005-2007 housing bubble/bust and the 2008 financial crisis. We got stuck in our starter home (underwater) for a very long time and spouse lost his job in 2008, taking almost a year to find another one. [/quote]

+ 1. I was born in 1975 - solidly Gen X. I was 30 years old in 2005. How in the world does this idiot poster think my generation escaped 2005-2007 housing crisis and the financial meltdown of 2008? We could barely afford a house and overbid by over $60,000 to get our crappy house in Arlington. Then my husband’s business almost went under in 2008. [/quote]

At 30. I would  99 percent of people I worked with were single living in Manhattan in rent stabilized apts with no car and a small 401k. Their networth was mainly imaginary money. Small 401ks or IRAs they were not touching for at least another 35 years. A few were near point of getting engaged or married. And your cheap starter home in Arlington you got as a bargain. My old house at peak of bubble my little starter home was worth 500K. Wow, today it is worth 800K.

I highly doubt the guy who was GenX who got married young who bought in spring 2006 it mattered. By now he most likely by fall of in 2000 refinanced to a ten mortgage at 2 percent and has a crazy low payment and is mortgage free in 4 years .

You know who 2008 hurt my older  sister, she married a guy three years old. So he is born 1954. He bought a trade up home in 2003. He did a zero down balloon mortgage ten year mortgage and rolled the sale of his starter home into stock market then in 2008 he lost his good full time job and 40 percent of his stock portfolio. He never recovered. He has never worked a full time job again By time job market recovered he was too old to be considered a good job.   [/quote]

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