Reply to There is no housing crisis in MoCo or most of the DMV for that matter

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Signed, a boomer that got their housing for 3 blueberries back in 1940 from a Sears catalog. Go talk to young people, even high earners, on how difficult it is to buy a house nowadays. [/quote]

No Boomer was buying a house in 1940, on grounds that no Boomer was even born yet in 1940.[/quote]

Yup, younger  posters here are angry and jealous, as well as ignorant.[/quote]

When you bet against the younger generation, you always lose.[/quote]

[b]Baby Boomers have done quite well betting against younger generations.[/b]  They had the relative population/social-voting power to do so.

[i]Their[/i] Social Security isn't in danger.  The government has massively enabled and bailed out [i]their[/i] market investments. Tax cuts have hit [i]their[/i] life-stage sweet spots, from the vast increase in the allowable untaxed estate from their parents to the even-more-tax-advantaged-than-1031 capital appreciation exemption for housing.  The immense debt that resulted is primed to fall on the generations immediately after them.[/quote]

So far. With every passing year, they will have less power.[/quote]

Unless we shift to a wealth tax, they'll be lasting long enough to keep it with them.  Again, it will fall, pretty much, on those born after 1965, the last few years benefitting from a bit of coattails effect.

The reason the idiocy of MAGA had (and has) any chance is because it was the only way that generation could keep their good times rolling: shifts to the social left during their teens and 20s, Reaganomics turbocharging their move towards peak earning years and, especially, tax policy of the past 30 years, beginning with the Gingrich Congress, that overwhelmingly benefitted their wealth accumulation.[/quote]

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