Reply to Feeling bitter about having been born too late

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Asset prices are insanely pumped right now, anyone just starting their career with no family money to help is screwed. Growth is probably going to suck for the next 20-30 years because of how overvalued the stock and real estate markets are right now. I’m pissed that I was born too late to benefit from any of it. Older generations got their 7%+ returns and now gen Z and younger millennials will be stuck with crappy 3-5% returns based on most forecasts.

[/quote]that is how I felt in 1987. [/quote]

Haha I was about to say exactly that.  I was so upset that people just a few years older than me had big houses in Cleveland Park and Cathedral and I could “only” afford a small unrenovated Adams Morgan row house.  [/quote]

Same!  I graduated into the early 90s recession.  I had no concept of saving for retirement or the stock market. I just focused on whether I had enough for groceries and the occasional night out with friends.  A few years and smart career moves later, I was able to buy a tiny house for what I thought was a crazy amount of money ($275K) from that lucky older couple (from a privileged older generation) who had bought it for $59K.  How unfair!  How unjust!

My son won't get a house for what I paid, but he'll get on the property ladder with a 1-bedroom $300K condo.  He'll trade up and up and all will be okay.  [/quote]

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