Reply to The median Boomer has a housing cost of $612. That includes taxes and insurance.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Stop your whining and get a therapist to help you deal with your very transparent issues with your parents. 
[/quote]

NP. My parents aren’t Boomers but I legitimately don’t see how people don’t understand why Millrennials/Gen Z/Gen Alpha feel enraged that no matter how hard they work they will never have the ability to build wealth the way previous generations did. [/quote]

I mean, neither can I and I'm 52. My dad retired from a fed gig after 20 years and got a pension equal to 75% of his last years salary, along with free healthcare for life. He unfortunately died 8 years later but my mom gets his pension until her death which isn't even on the horizon. She's getting somethin like 95K a year, every year, until she dies just off that. Another 4 grand a month in SS, house is paid, taxes are senior exempted, etc etc etc

Both my wife and I work full time  (white collar professionals) and we will never have anything close to that.

Life aint fair. Sometimes timing matters.[/quote]

Most people don't have pensions. Just career military and government workers. [/quote]

Right, that's my point. In my grandfather's era everyone had a pension and wages were proportionately higher.  My dad was born in '41 and most of his peers had pensions/retirement too.

My wife and I (both masters educated professionals) live frugally, invest heavily, sent kids to state schools, etc and will never get to  point where our investments generate $15,000 a month in income.

It just the way life works. The later you get to the party the crappier the food selection gets.[/quote]

Yeah but our current policies are like the crappy food is left but there’s still some nice platters in the back of the fridge and we’re packaging them in to go boxes for the people who arrived first. And those same people are telling the latecomers they should have planned better while walking out the door with their to go bags. It’s just obnoxious at a certain point.[/quote]

What a sad tale of woe. Aren't there enough voters to outnumber the evil boomers yet? Or maybe it's just you and your inability to compete and earn enough to pay for the lifestyle you think you deserve. [/quote]

I own a SFH in a close-in desirable neighborhood already and recognize that I benefited from the timing of a) being able to get on the property ladder right after the recession and b) then trading up to a nicer home (now worth about $1.3M) in 2018, which I was able to refinance to a sub 3% mortgage. My DH and I make good incomes so that we can afford to raise 3 kids with a nice lifestyle. So your little retort (a personal attack on someone you don’t even know and not an actual commentary on the issues being discussed) isn’t the burn you think it is.

But I have enough brain cells to look around and think, wow this income inequality isn’t sustainable. And to be fair, my complaints aren’t solely with boomers. We need to tax second homes and investment properties to free up inventory as well.

At least I’m not just pulling the ladder up behind me saying well the timing worked out well for me so too bad for everyone else. It’s clear from your response you are a selfish person who assumes every poster only cares about how public policies affect them personally (because why else assume that my concerns about the housing market are just sour grapes?). [/quote]

Vote for change. Don’t you have the numbers on your side?[/quote]

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