Anonymous
09/19/2015 09:20
Subject: The Next Baby Boomer "Me me me" move? A decade of escalating interest rates
When many boomer parents bought their first houses int he 1970s, interest rates were 13 to 15 percent. Little Echo OP should be grateful
Anonymous
09/19/2015 09:14
Subject: The Next Baby Boomer "Me me me" move? A decade of escalating interest rates
Anonymous wrote:It's really interesting to see how policy makers have reacted to the Financial Crisis. They've done NOTHING to reform the housing sector or the housing finance system. It's still a mess of poor incentives, securitizations that mask risk, and people borrowing more than they can afford.
Essentially, they've re-inflated the bubble so Boomers in major metro areas could recover equity and sell their single family homes at top dollar to young families, funding their retirement.
What's next? How about 10-15 years of increasing interest rates. Boomers are going to take that cash and now demand risk-free return to fund their retirements. You'll see AARP campaigns (funded by the financial sector) to ratchet up rates, thus ensuring that borrowing is expensive for the next generation of students. This will also plateau housing prices. The equity gains of the last 3 years will take 20 years for Millennial home owners to accrue the same.
Additionally, my guess is that once Boomers sell the big house and retire, the USG will dismantle Fannie/Freddie or institute huge reforms. This will dramatically raise the cost of getting mortgage and lower the amount creditworthy young people will be able to afford.
Thank ya'll,
Generation Fucked.
You might be able to say something relevant about interest rates if you looked at the history of interest rates.
Broadly, they have always moved in long cycles and will likely continue to do so. The forces behind this are more basic than whether the USA creates or abolishes a particular government agency. Indeed, they have persisted before the USA was formed.
Anonymous
09/18/2015 21:31
Subject: The Next Baby Boomer "Me me me" move? A decade of escalating interest rates
Boomer Hater is so annoying. BH, go away! I'm Gen X and I can't stand your feeble whining.
Anonymous
09/18/2015 21:20
Subject: Re:The Next Baby Boomer "Me me me" move? A decade of escalating interest rates
Anonymous wrote:Boomers such ass. Seriously.
Such a selfish/entitled generation, that did basically shit all to help our country but has ruined it in a myriad of ways.
Yes, they so selfishly fought in Vietnam by the hundreds of thousands. Fifty thousand of them were killed and many maimed there. There was this thing called the draft. The millennials complain that their lives are so hard. They have no idea. Don't judge, OP, until you are 65 years old. You will probably have a big house and your children will be complaining about how you need to sell it and stop working so they can get the big bucks. Nobody starts out having it all. They work for it. Apparently you are too good to do that.
You think this country is "ruined". Try working to make it better. You apparently are unselfish and willing to do that.
Oh gawd! Only a boomer would wrap themselves so tightly in such self-congratulations of 50,000 Vietnam casualties. Less than half the whole damn boomer generation was eligible for the draft before it was stopped in '73, and 50.000 casualties was 0.06% of the boomer populations, and that 50,000 contained plenty of silent generation too! Grow up, and make a real argument opposed to pointing to some bull 'sacrifice' made by the boomers that the vast majority of boomers were against, and treated the returning vets who did make sacrifices (conscription) as returning criminals. Boomers are literally the worst generation in American history on soooooo many levels - the above frag wrapping defense is just example #5921
Anonymous
09/18/2015 20:53
Subject: The Next Baby Boomer "Me me me" move? A decade of escalating interest rates
Wow, sounds like you have a story to tell, pp! Don't hold back, tell us how you really feel!Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Boomers such ass. Seriously.
Such a selfish/entitled generation, that did basically shit all to help our country but has ruined it in a myriad of ways.
Yet your boomer parents allow you to stay in their basement rent free
Guess again, oldie.
Oh, I get it sonny boy. Most boomer parents are still paying for college tuition. Living in the basement rent-free comes next.
Yes, it is always the boys who end up in the basement. Saddest part is they remain there until mom and dad die. Then the two successful sisters return and have the "what do we do about Jason" conversation. The house sells and the sisters set up a trust so that Jason can live in a nameless apartment complex in Fredericksburg, play his guitar, drink away the day and hang out on the web.
Anonymous
09/18/2015 20:50
Subject: The Next Baby Boomer "Me me me" move? A decade of escalating interest rates
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Boomers such ass. Seriously.
Such a selfish/entitled generation, that did basically shit all to help our country but has ruined it in a myriad of ways.
Yet your boomer parents allow you to stay in their basement rent free
Guess again, oldie.
Oh, I get it sonny boy. Most boomer parents are still paying for college tuition. Living in the basement rent-free comes next.
Wrong again. Let's see how many of these you can fuck up...
Like I care about your opinion and perspective you little whiner.
Anonymous
09/18/2015 20:48
Subject: The Next Baby Boomer "Me me me" move? A decade of escalating interest rates
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Boomers such ass. Seriously.
Such a selfish/entitled generation, that did basically shit all to help our country but has ruined it in a myriad of ways.
Yet your boomer parents allow you to stay in their basement rent free
Guess again, oldie.
Oh, I get it sonny boy. Most boomer parents are still paying for college tuition. Living in the basement rent-free comes next.
Yes, it is always the boys who end up in the basement. Saddest part is they remain there until mom and dad die. Then the two successful sisters return and have the "what do we do about Jason" conversation. The house sells and the sisters set up a trust so that Jason can live in a nameless apartment complex in Fredericksburg, play his guitar, drink away the day and hang out on the web.
Sounds like my brother, but his name isn't Jason.
Anonymous
09/18/2015 17:57
Subject: The Next Baby Boomer "Me me me" move? A decade of escalating interest rates
Waaaaaaah my life sucks because of old people. You stole my future! Die so I can get promoted! Waaaaaaaaaaaah!
So sick of boomer hater.
So sick of boomer hater.
Anonymous
09/18/2015 17:26
Subject: The Next Baby Boomer "Me me me" move? A decade of escalating interest rates
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Boomers such ass. Seriously.
Such a selfish/entitled generation, that did basically shit all to help our country but has ruined it in a myriad of ways.
Yet your boomer parents allow you to stay in their basement rent free
Guess again, oldie.
Oh, I get it sonny boy. Most boomer parents are still paying for college tuition. Living in the basement rent-free comes next.
Wrong again. Let's see how many of these you can fuck up...
Anonymous
09/18/2015 17:20
Subject: Re:The Next Baby Boomer "Me me me" move? A decade of escalating interest rates
boo hoo.
When you're ready and able to buy, I'll take advantage I mean I'll sell my big boomer house to you for 4 times what I bought it for.
When you're ready and able to buy, I'll take advantage I mean I'll sell my big boomer house to you for 4 times what I bought it for.
Anonymous
09/18/2015 16:31
Subject: The Next Baby Boomer "Me me me" move? A decade of escalating interest rates
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Boomers such ass. Seriously.
Such a selfish/entitled generation, that did basically shit all to help our country but has ruined it in a myriad of ways.
Yet your boomer parents allow you to stay in their basement rent free
Guess again, oldie.
Oh, I get it sonny boy. Most boomer parents are still paying for college tuition. Living in the basement rent-free comes next.
Yes, it is always the boys who end up in the basement. Saddest part is they remain there until mom and dad die. Then the two successful sisters return and have the "what do we do about Jason" conversation. The house sells and the sisters set up a trust so that Jason can live in a nameless apartment complex in Fredericksburg, play his guitar, drink away the day and hang out on the web.
Anonymous
09/18/2015 15:02
Subject: The Next Baby Boomer "Me me me" move? A decade of escalating interest rates
Anonymous wrote:Anonymous wrote:Anonymous wrote:Boomers such ass. Seriously.
Such a selfish/entitled generation, that did basically shit all to help our country but has ruined it in a myriad of ways.
Yet your boomer parents allow you to stay in their basement rent free
Guess again, oldie.
Oh, I get it sonny boy. Most boomer parents are still paying for college tuition. Living in the basement rent-free comes next.
Anonymous
09/17/2015 22:50
Subject: The Next Baby Boomer "Me me me" move? A decade of escalating interest rates
Anonymous wrote:Anonymous wrote:Boomers such ass. Seriously.
Such a selfish/entitled generation, that did basically shit all to help our country but has ruined it in a myriad of ways.
Yet your boomer parents allow you to stay in their basement rent free
Guess again, oldie.
Anonymous
09/17/2015 22:48
Subject: The Next Baby Boomer "Me me me" move? A decade of escalating interest rates
Anonymous wrote:Boomers such ass. Seriously.
Such a selfish/entitled generation, that did basically shit all to help our country but has ruined it in a myriad of ways.
Yet your boomer parents allow you to stay in their basement rent free
Anonymous
09/17/2015 22:46
Subject: The Next Baby Boomer "Me me me" move? A decade of escalating interest rates
Boomer hater is a goober