Anonymous
04/14/2024 14:28
Subject: The median Boomer has a housing cost of $612. That includes taxes and insurance.
Anonymous wrote:Anonymous wrote:Seriously dumb criticism. Every generation nearing death had, has and will have relatively low housing costs. Their expenses were incurred earlier in life.
But food news for whining millennials. They will inherit these assets en masse.
No we won’t. Our parents are going to have to spend down everything they ever saved (if they saved) in end of life care that can run $5k+ a month. Boomers are going to live for a long time, this will easily drain most of the “inheritance” the average Boomer might’ve accumulated.
Have u actually looked at end-of-life costs? Because the way you’ve written that I think you haven’t. Most people die with either short stays under twelve months or with no stay at all in care facilities.
Anonymous
04/14/2024 14:26
Subject: The median Boomer has a housing cost of $612. That includes taxes and insurance.
Home prices are cheaper today that 24 years ago
Anonymous
04/14/2024 13:57
Subject: The median Boomer has a housing cost of $612. That includes taxes and insurance.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Stop your whining and get a therapist to help you deal with your very transparent issues with your parents.
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.
Who do you think is going to inherit the houses and 401k balances of boomers?
Real answer: private equity and asset management firms that own housing vulture funds, nursing homes, hospital networks, and physician practices.
Nope. Our multimillions will be going to our two millennial kids. We bought LTC insurance. DH and I inherited nothing from our parents. We know many families like ours. The kids will be alright.
Np but if you live to 90, your 60 year old kids won’t need your millions. They needed it when they were 30
I wonder how they’ll even make it to 60 if they “need” it so badly in their 30’s…
Right? If you "need" millions at 30 something is wrong with your lifestyle. Sure we all want to be millionaires but that doesn't mean you should live the millionaire lifestyle in debt up to your eyeballs waiting for your parents to kick the bucket. These 30 year olds need to live within their means.
Anonymous
04/14/2024 13:53
Subject: Re:The median Boomer has a housing cost of $612. That includes taxes and insurance.
Anonymous wrote:Anonymous wrote:Anonymous wrote:What’s with all the boomer hate?
Jealousy. The green eyed monster.
K boomer no one uses that term since 1950
It's from Shakespeare's Othello but you would know that if you were either educated or bothered to look it up.
Anonymous
04/14/2024 13:49
Subject: The median Boomer has a housing cost of $612. That includes taxes and insurance.
Anonymous wrote:I am a boomer my mortgage is $2,600 a month, homeowners $300 a month, taxes $1,200 a month, add in utilities and maint another $1,000 a month.
$5,300 a month. My daughter had a two bedroom apt with roommate $1,200 a month.
I work at a bank and a 70 year old boomer last week took out a 2 million dollar mortgage on a home! Paid off at 100.
Our property taxes and insurance are climbing but it's still cheaper to stay put than sell and pay capital gains to move into a smaller place. We have a special needs millennial who will always live with us and need to be near elderly relatives. If we win the lottery, we'll be happy to sell our dated home and move to a new one-story in a warm place.
Anonymous
04/14/2024 13:48
Subject: Re:The median Boomer has a housing cost of $612. That includes taxes and insurance.
Anonymous wrote:Anonymous wrote:What’s with all the boomer hate?
Jealousy. The green eyed monster.
K boomer no one uses that term since 1950
Anonymous
04/14/2024 13:45
Subject: Re:The median Boomer has a housing cost of $612. That includes taxes and insurance.
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Stop your whining and get a therapist to help you deal with your very transparent issues with your parents.
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.
Who do you think is going to inherit the houses and 401k balances of boomers?
Real answer: private equity and asset management firms that own housing vulture funds, nursing homes, hospital networks, and physician practices.
Nope. Our multimillions will be going to our two millennial kids. We bought LTC insurance. DH and I inherited nothing from our parents. We know many families like ours. The kids will be alright.
Np but if you live to 90, your 60 year old kids won’t need your millions. They needed it when they were 30
And at age 60 the parents have 30 years left to live. You don't know what will happen during those 30 years. LTC insurance is not some kind of magic bullet. Most of them have limits and only pay out so much. Life is still unpredictable. The parents could live to 100. The stock market could crash. Anything can happen. Nobody can be glib about life.
Anonymous
04/14/2024 13:44
Subject: The median Boomer has a housing cost of $612. That includes taxes and insurance.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Stop your whining and get a therapist to help you deal with your very transparent issues with your parents.
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.
Who do you think is going to inherit the houses and 401k balances of boomers?
Real answer: private equity and asset management firms that own housing vulture funds, nursing homes, hospital networks, and physician practices.
Nope. Our multimillions will be going to our two millennial kids. We bought LTC insurance. DH and I inherited nothing from our parents. We know many families like ours. The kids will be alright.
Np but if you live to 90, your 60 year old kids won’t need your millions. They needed it when they were 30
I wonder how they’ll even make it to 60 if they “need” it so badly in their 30’s…
Anonymous
04/14/2024 13:42
Subject: The median Boomer has a housing cost of $612. That includes taxes and insurance.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Stop your whining and get a therapist to help you deal with your very transparent issues with your parents.
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.
Who do you think is going to inherit the houses and 401k balances of boomers?
Real answer: private equity and asset management firms that own housing vulture funds, nursing homes, hospital networks, and physician practices.
Nope. Our multimillions will be going to our two millennial kids. We bought LTC insurance. DH and I inherited nothing from our parents. We know many families like ours. The kids will be alright.
Np but if you live to 90, your 60 year old kids won’t need your millions. They needed it when they were 30
Mine don't.
Anonymous
04/14/2024 13:42
Subject: The median Boomer has a housing cost of $612. That includes taxes and insurance.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Stop your whining and get a therapist to help you deal with your very transparent issues with your parents.
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.
Who do you think is going to inherit the houses and 401k balances of boomers?
Real answer: private equity and asset management firms that own housing vulture funds, nursing homes, hospital networks, and physician practices.
Nope. Our multimillions will be going to our two millennial kids. We bought LTC insurance. DH and I inherited nothing from our parents. We know many families like ours. The kids will be alright.
Np but if you live to 90, your 60 year old kids won’t need your millions. They needed it when they were 30
my MIL is in perfect health at 83 several of her grandchildren already have homes and are married.
Her great grandchildren can use the money from sale of home
Anonymous
04/14/2024 13:41
Subject: Re:The median Boomer has a housing cost of $612. That includes taxes and insurance.
Anonymous wrote:Not a boomer and haven’t read this whole thread, but those who complain about younger people not having an opportunity to build wealth must be ignoring the fact that today’s job market is better than ever. The opportunities to build wealth are just as great or greater than ever before in this country.
Both my millennial nephews have purchased nice homes in desirable areas this past year with their own money. They are software engineers who saved and invested their earnings.
Anonymous
04/14/2024 13:37
Subject: The median Boomer has a housing cost of $612. That includes taxes and insurance.
My 83 year old MIL paid $13k for house in 1964 and her current property tax is $13k!
Imagine paying 100 percent of purchase price as your property tax
Imagine buying a home as a newlywed today in 2024 for one million and at 83 paying one million a year in property tax?
Imagine paying 100 percent of purchase price as your property tax
Imagine buying a home as a newlywed today in 2024 for one million and at 83 paying one million a year in property tax?
Anonymous
04/14/2024 13:35
Subject: The median Boomer has a housing cost of $612. That includes taxes and insurance.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Stop your whining and get a therapist to help you deal with your very transparent issues with your parents.
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.
Who do you think is going to inherit the houses and 401k balances of boomers?
Real answer: private equity and asset management firms that own housing vulture funds, nursing homes, hospital networks, and physician practices.
Nope. Our multimillions will be going to our two millennial kids. We bought LTC insurance. DH and I inherited nothing from our parents. We know many families like ours. The kids will be alright.
Np but if you live to 90, your 60 year old kids won’t need your millions. They needed it when they were 30
Anonymous
04/14/2024 13:34
Subject: The median Boomer has a housing cost of $612. That includes taxes and insurance.
I am a boomer my mortgage is $2,600 a month, homeowners $300 a month, taxes $1,200 a month, add in utilities and maint another $1,000 a month.
$5,300 a month. My daughter had a two bedroom apt with roommate $1,200 a month.
I work at a bank and a 70 year old boomer last week took out a 2 million dollar mortgage on a home! Paid off at 100.
$5,300 a month. My daughter had a two bedroom apt with roommate $1,200 a month.
I work at a bank and a 70 year old boomer last week took out a 2 million dollar mortgage on a home! Paid off at 100.
Anonymous
04/14/2024 13:34
Subject: The median Boomer has a housing cost of $612. That includes taxes and insurance.
Anonymous wrote:Anonymous wrote:Boomers need to go like dead
You will be too, eventually.
+1. Envy and bitterness are aging, too.