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Real Estate
Reply to "Boomers can’t downsize "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The Boomers paid like $1500 for tuition, $50k for their first home and then when their parents died at normal ages, got inheritances in their 40s. Now they’re super charged with modern medicine, loaded, and aren’t going anywhere. They’re also not maintaining their houses. Just check the market and see all the “as is” $1.2Ms that have fallen into disrepair. These folks need to start riding off into the sunset.[/quote] They were also making $40,000 a year with a masters degree. And their parents were primarily blue color workers- no inheritance. [/quote] +1 Thank you.[/quote] +2. Late boomer here. We graduated into a recession and took whatever job would pay the bills if we didn’t option of going to grad school. I paid 12% on a PLUS loan. [/quote] Millennials graduated into a recession too. You didn't have it harder, we all have had it hard. The comparison game doesn't look good on you [b]grannies[/b].[/quote] NP. You don’t need to be ageist. You could have left that off and still have been successful in your comeback. Ageism is pernicious. —genX [/quote] +1 The ageism here is really sad. One generation en masse didn't screw over another entire generation. The economy has many cycles. There are pros and cons to being a certain age at a certain time. We recently came out of a long stretch of a great time to buy a home with low interest rates. Then prices and interest rates both jumped. Now is a very difficult time to buy a first home. I feel bad for young people. However, this isn't the end of all cycles. It's hard not knowing when the next good time to buy a home will be, but it will come. - Gen X[/quote]
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