Reply to I know why Millenials can't afford houses and pay off their student loans..

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Remember when you took out that HELOC?  When you didn't actually save for your kids' education but instead thought of your house as an ATM? 
As crazy as you may think it, the Millenials did NOT cause the housing crash.  They did not dissolve your retirement funds.  They were too young to buy when all that went down.  
You may be bitter and have a few more years of wear, but you mid-forty somethings and up are not the geniuses you think you are.[/quote]

It took a million pages, but finally someone points this out.

Older Gen Xers and crusty ass Boomers are very judgmental and smug for a group that literally caused one of the greatest financial recessions in our lifetime from being greedy, materialistic and living completely beyond their means.

-Younger Gen Xer[/quote]

We oldsters are not responsible for the ludicrous lending to unqualified borrowers.  That was PC-homes for all.  Don't slam the group that believed in 10-20+% down and fixed rate 30 year mortgages.  No funk.[/quote]

Actually you are. Those bankers and brokers dividing up those bonds and creating the greatest recession and housing slump were not our current 1980+ born generation. That was all you. 
Those younger kids were just beginning to enter and graduate college when you fucked up the entire economy. [/quote]

Not the vast majority of us who thought it was incredibly stupid to relax standards.  My age group may have done deals but for whose benefit?  The bundling of crap mortgages was based on prior bundling before our govt allowed crap loans so all could get housing ownership.

PC gone amok.  PC crap still flows  http://www.cnbc.com/2016/06/07/bank-requires-few-loan-documents-seems-like-housing-deja-vu.html[/quote]

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