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]Circling back on this topic, I found this to be an enlightening read. Go through the whole thread on Twitter and you’ll understand why younger American generations are at a very distinct disadvantage to Boomers:

[twitter]https://twitter.com/VincentDeluard/status/1780679971146731837[/twitter]

[twitter]https://twitter.com/VincentDeluard/status/1780679979610861835[/twitter][/quote]

Who needs facts and actual statistics when you can have anecdotes from Boomers who had to walk up hill both ways in the snow![/quote]

Boomers had Vietnam, the draft, double digit interest rates, a sluggish job market in the 1970s, stagflation, massive corporate layoffs in the late 80s and early 90s, late 80s housing crash plus the 2008 housing crash. Many Boomers grew up /live in decaying towns and smaller cities that never really recovered from industrial decline and offshoring.

Not a Boomer but some of you with a twist in your panties about Boomers need to get over it. [/quote]

These are all good points. The 1970s and 1980s were economically disastrous. Mortgage rates were as high as 13% in the late 1970s/early 1980s, peaking at something like 16% in the early 1980s.

Don't kid yourself, many boomers felt economically pinched too as they started their own families, with stagflation, unemployment, and high mortgages on small houses you would probably turn your nose up at. The only way many boomer families made it was for the wife to enter the workforce and that was a social sea-change (for the good imo).

Yes, today many boomers feel economically comfortable with their paid-off mortgages and dwindling family expenses, as op points out with the green eyes of jealousy. But it wasn't always like that.

Also, you'll inherit my housing equity eventually. Maybe in your sixties, which is the age (younger end) many of the boomers you despise finally became economically comfortable with their mortgages and smaller family expenses. So there's that. [/quote]

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