Reply to In-laws are broke, DH has offered to help

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Wait a minute..I thought all Boomers were hoarding money by staying in their 
house  purchased with the low interest rates when they were young teens-  that have now made them all wildly rich, preventing everyone else from owning any property ever. Oh, and taunting everyone with it.

So, no, it turns out it's not a thing? Oh. [/quote]
Many are! The rest are out spending like there's no tomorrow and expecting their kids to pick up the tab.[/quote]

If they are spending it is because they have the money,  so no one is picking up the tab, and because it isn't a crime to spend their own money. And no, they didn't game the system- they paid the same dues, no low interesr rates 20 , 30 years ago, and it took both salaries and 35  + years of work to qualify.  [b]It's nice if there is an inheritance, but it shouldn't be assumed.[/b] 
This thread subject is more  realistic. Many Boomers are not sitting in the lap of luxury and it isn't because  they were reckless. They never had all this supposed wealth . [/quote]
Are you reading the correct thread? They can't afford their mortgage. There is no inheritance, there is no money, there is debt and potential homelessness looming. GMAFB here. They cant afford their lifestyle and their kids are paying the price. [/quote]

Yes, you are confused becaus I am answering the PP not the OP's comment. You didn't check that. [/quote]
Yet that is what this thread is about. Parents who cannot afford their lifestyle, children who are subsidizing it, and yet you want to use a broad brush to paint adult kids as selfish for not subsidizing it. How dare you call someone else selfish when the reality is that their kids wont have a college fund or a stable home to live in because of their grandparents sh#tty choices and the "family values" of supporting their debt. [/quote]

Again, I think you missed  my original point which  wasn't directly answering OP, but, in fact, pointing out the dissonance that occurs all the time on DCUM about Boomers hoarding wealth.  OP's example here is exactly the point- Boomers aren't all sitting in the lap of luxury at the behest of younger generations.  I gave zero opinion regarding OP's dilemma, actually. You are confused here, and reading the wrong response. [/quote]

Gosh, it's almost as if all of the posters have the same name or something ;)

Anyway, my parents aren't asking for help (yet) but are similarly living a lifestyle above their income and not sure how long it will last.  They downsized before paying off their mortgage but refused to get rid of stuff so they ended up in a luxury condo that's almost as big as  my childhood home.  Their rent is more than their mortgage was, although I know they have peace of mind not having to worry about maitenance or property taxes.  [/quote]

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