Reply to Why do people think Boomers had it so good?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The whole argument is stupid. But anyone is welcome to buy a house that the Boomers had available to them a high interest rates. Go forth with that 2 bedroom, 1 bath, 1200 sq foot abode.[/quote]

Many of those homes don't exist anymore. You will likely be buying a condo instead, which is totally fine by me. I'm a young Gen X and bought my first home last year. It's a 2BR, 2BA condo. I'm not demanding that the government give me a SFH or kick our elders out of their SFH.[/quote]

Agreed.

[b]But fact remains that majority of boomers lived with "a lot less".  Most were in 1200-1500 sq ft homes-3 bedroom and 1.5 to 2 baths.  They didn't live in 4000sq ft + mansions.  or even 2400sq ft homes.  [/b]They had ONE tv, not 3+.  They often lived with one car--the SAHM would drive the dad to work or the family went without a car during the day. 
Kids played outside with the niehgborhood kids after school, most didn't go to 3 hours of dance/gymnastics/club BB/etc.

But nowadays the equivalent home is a condo or TH, in rare instances there are newer smaller SFH.

And don't start on intrest rates-I can recall my parents having a mortgage for 16%+.

[/quote]

Oh come on- plenty of those crap small homes that the boomers lived in are still there (unless they tore down to build themselves a McMansion).  The millennials who try to buy them are often getting outbid by cash offers.  My boomer parents (who don't live in the DMV) were literally horrified by what we had to pay for our 1940s Silver Spring non-updated "starter" home.  I say that in quotes because unless we really want to become house poor we will never move.  Which is fine.  But it's funny how some parents like mine can acknowledge how certain things are more challenging for their kids while others are so hostile and combative.[/quote]

Yeah.  Maybe our grandparents lived in these 1940's starter homes that now we have to pay $700,000 for, but our parents built new mcmansions in the 1980's and 1990's for pennies of what they cost now.  And they still live there.  So we millennials are stuck with buying grandma's house for 3/4 of a million dollars, and our parents judging us for not having as much as them. [/quote]

Be an adult and move to a place you can better afford. Don’t cry because you are keeping yourself in a place where demand outstrips supply. That is a choice.[/quote]

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