Does anyone else find it morally reprehensible that so many Boomers are politically fighting to keep housing prices high, even if it means younger generations remain priced out?They already own homes and have built wealth from them. Why should protecting the value of their assets come at the expense of an entire generation’s ability to afford a place to live?How can I willfully continue to participate in such a blatantly rigged game?
>>62676207>buy a market top>ohfuck>Better lobby politicians to make sure I don’t realize my loss>Capitalism????Boomers are attempting to bribe the unwashed miga masses so young people don’t level the playing field. Man boomers were so lucky to have the silent gen let them take the reigns now we will never get a fair chance at being adults fantastic
Boomers are going to get liquidated in the coming controlled collapse of the economyhouses are about 90% overvalued because of fugazi credit and debt that doesn't actually exist
>>62676229In a free market that would be true but that’s not what we have so I have to disagree that any collapse will occur. In a free market those retards who paid 400k for a house would already be underwater significantly but that’s not what we’re seeing
>>62676207I like high property prices because it keeps brown people away.
I used to but now I’m getting older and realizing I will be a boomer one day and I ain’t giving these kids shit
>>62676264No it doesn’t retard Mexicans just live 75 to a house
>>62676264Yup, really the only good thing about the real estate bubble.
>>62676266HOA solves this, but all you faggots wanna pretend it's evil to have standards for behavior in your neighborhood.
>>62676264In reality it doesn't because they just have like 30 jeets living in the same house.
>>62676269>>62676268>>62676265I don’t bother with low iq. See you faggots in the civil war. Hoping you and your family gets shot dead
That's why China killed off its worthless generation with covid, while we idiots protected ours when we should have sacrificed them to covid.
>>62676207They are starting to all die off, so they can fight all they want, housing prices are going down in all the countries where there is a population decline.
>>62676207I think the whole "property values" argument is a red herring. Boomers will frame their opposition to pro-housing affordability measures as a matter of preserving property values mostly because it's considered the acceptable reason to oppose them. Their actual opposition precedes the argument, though: they don't like change because they're old and change is hard. They bought their houses because they liked them the way they were, and they didn't want that to change.Saying it's about property values is just a way of turning that qualitative matter of personal taste into a quantitative matter of economic harm.
Just stop being poor it’s that easyI bought a big house on a lake a year ago and it wasn’t hard just find a house you like and buy it lmao
>>62676328Good I’m glad cuz this upcoming blue wave is going to ensure you lose it. I’m voting Democrat forever idc if they confiscate guns or your house. I can’t wait for this upcoming election. It’s our turn to ensure idiots like you who bought the top lose everything
>>62676215This is good for Bitcoin
>>62676207Why did we self isolate and protect boomers during Covid again?
>>62676370lol BTC is getting a rugpull soon. The block chain exists for corporate stable coins the rest will be crushed. You funded the prototype for corpo coins and were never going to make it. But I’ll let you see that end for yourself, goodluck
>>62676379protect boomers? ny state passed a law or whatever saying nursing homes couldn't refuse covid patients. they were clearly trying to bump the death rate.
>>62676381>blockchain oh man blast from the past, another useless tech bro scam like llms
I like hearing lazy crybabies who brag they don't work cry they can't afford a free house
Just work harder and stop buying avo on toast, uber everywhere, food deliveries, and 10 subscriptions
>>62676386A digital ledger is just a ledger desu but it’s the first digital ledger that humanity ever created which is absolutely a breakthrough technology in most ways. But that’s the tech. BTC is just rails and TPTB aren’t going to let BTC hijack their existing rails and infrastructure. It will be crushed. BTC was the play money that used young people to run their testnet for corporate stable coins. Satoshi is dead. He was the dev that hung himself out of that group of cypherpunks. I forget his real name but he “suicided”
>>62676396u might be joking but i have roommate who eats uber eats for literally every meal
If by boomers you mean your ruling classs who rule you through legalese then yeah, actual boomers are fucked though like yourself but moreso cause they're old
>>62676388I know you’re trolling but working today at 40k a year takes 10 years to buy a median house. At that point only a fool pursues a gatcha game like economy
>>62676399blockchain is just a really shitty inefficient database, there's no reason for any company to use that instead of a regular db
>>62676405Even the fucked boomers still vote like fuckheads so I don’t really care but you are correct about 38-40% of boomers are more broke than millennials and some zoomers. They had a golden opportunity but were so degenerate they couldn’t get it together. Keep in mind the median housing price in 1984 was 84k. Today it’s 420k
>>62676407u can pay off ur mortgage in ten years? p sure that's faster than my boomer parents paid off their house. god zoomers are so entitled.
>>62676408lol stop watching corbet dude but I do agree with like 75% of what you’re saying. A digital ledger is such a weird tech bcuz ur right it doesn’t do that much more than a standard database but I still believe it has intrinsic value somehow but it’s hard to grasp why. It’s the ability to transfer assets at a faster rate than a private database is where I think the value lies but again, corpo stable coins was always the end goal not BTC to 10 million or something
>>62676413Kek exactly my point. I simplified it but we all know GenY and GenZ can’t afford more than 20% down so yeah that 400k house with interest is probably 900k. It’s a rigged game, why the fuck play? I guess young people are just doormats for boomers
>>62676207unironically a skill issue. git gud, faggots.
>>62676302theres no population decline in america retard. we will just import more third worlders. we already allow more legal immigrants than every country on earth.what we need is Pandemic 2.0 but far more virulent and deadly. the people who survive REAL pandemics live through unprecedented bull rips. covid was bullshit.
>>62676412Yeah your vote counts or something, fuck off get a real job loser
>>62676207How are they politically fighting to keep housing prices high?
>>62676207There are plenty of inexpensive houses on the market that are comparable to the first house those boomers bought when they were in their 20's. The problem is that you don't want a house like that, you want to be able to buy in your 20's the sort of house that those boomers couldn't afford until their 50's, which is why nobody gives a fuck about your whinging about home prices.>>62676400I have a 30yo nephew that does the same thing, then whines about how he never has any money and how unfair life is. Meanwhile his younger sibling who doesn't piss away his money has saved up enough for a down payment and bought a house.
>>62676407>40k a year takes 10 years to buy a median houseSo get a wife now you're getting 80k a year and you can get a median house in 5 years. Or get a less-than-median house in 3 years. I'm not sure why you think "median house" is the minimum if you aren't at least median age making at least median wage. Set your sights on what you can afford, not what your parents can afford or your favorite youtube influencer can afford.
>>62676207I hear youI'm pretty fortunate and have a high net worth for my age (almost positive)So now I'm starting to shop around
>>62676589Boomers born in the 60s bought a median sales house on 2 years of labor and you’re sitting here telling someone to go work 5 years for a shitbox. Why are you simping for boomers? You didn’t “win” capitalism you just cucked for nothing
>>62676628>negative net worthjesus christ. debt?
>>62676574>There are plenty of inexpensive houses on the market that are comparable to the first house those boomers bought when they were in their 20's. The problem is that you don't want a house like that, you want to be able to buy in your 20's the sort of house that those boomers couldn't afford until their 50'sactually i just want an affordable 1or2bd 1ba in a place that isn't nigger central. show me a listing and i'll believe you.
>>62676813And what do you do for a living that makes you better and deserve that house?A retail worker with an English degree doesn’t deserve a house
>>62676207the sneed shaped economy
>>62676265Ywnbab
>>62676857But boomers were retailWorkers and bought a median house so why wouldn’t a retail worker all of a sudden now be deprived of that same opportunity? USA constantly preaches “equal opportunity” except that was all bullshit for us. But for a boomer that was Alive and well and I’m not talking about 46’ boomers I’m talking about 1962 boomers. Just as recently as 1990 a retail worker could afford a median sales house easily in 2-3 years of labor
>>62676229>fugaziMan I love those guys. Anyway, fuck the boomers. Total boomer liquidation.
>>62676207If they support their kids and grandkids with that money then whatever, but if not then they are a burden.
>>62676229It sure does feel like a controlled demolition of America. I can't prove it is intentional, but it sure feels intended.
>>62676207You live in a slave society ran by boomers of which the entire purpose is to have a lower caste of people to pay pensions, social security and medicare, and tirelessly toil to pump insulin into their veins. And if you are not reproducing in this society they will achieve this by any indian necessary.
>>62676207>boomers get out and vote in municipal elections>municipal politicians pander to boomersmunicipal politics are the only ones that matter for "keeping housing prices high" because they control zoning
My grandfather's first real job paid $150 a month. He bought his first house for $7500 (4x his annual salary). Now he's been retired on a comfy pension for more years than he actually workedMy father worked a summer job while in uni that paid his tuition AND he had enough for a house downpayment by the time he graduated. A summer job!In highschool I worked part time and was eventually able to afford a new mountain bike. Wonder what my children will be able to work towards...
well house prices are taking a massive shit in Florida and Texas. https://www.youtube.com/watch?v=DgEM84gSz7sboomers aren't really invested long term anywhere. they still see themselves like young, charismatic nomadic gypsies who can pack up, change towns, change their style, and shape the world in their own self-image wherever they end up, and the environment will shape itself around their expectations. so they're not the least bit interested in fighting for the strugglers. there is always a time lag between reality and boomer reality. first, they have to count their money. then recount it again. and maybe a third time out loud, and only then are they ready to talk.
>>62676758>median sales houseAnd that house was a 1200 sqft 2 bedroom 1 bath 1200 sqft house. You can buy a similar house today for 2 years labor - you just won't do it because you want a big mcmansion like your parents' 3rd house.
>>62679516No you fucking can't unless you want to live in a crackhouse in Gary, Indiana
>>62679544Yes you fucking well can. And cool it with the racism, Cletus.
>>62679516Whst don’t you fucking understand about it takes 10 years at 40k a year to make $400k and a median sales house is $420k. And nobody does that they take out a 7% interest loan from a kike bank and end up paying like 1 million dollars over 15-30 years for a MEDIAN HOUSE. Boomers bought a median sales house in a major metropolitan area in 1984 for 84k and that only took 2 years of labor due to purchasing power being much greater. Today you can find a 225k house in the middle of fucking nowhere, 2 hours from a major metro area. It’s not even remotely similar. You don’t understand purchasing power or median sales house concept at all faggot
>>62679516>You can buy a similar house today for 2 years laboroh please provide a source for this claim anon.
>>62676207Lately, I've had this idea that the world would be a better place once all the boomers die. My most idealistic version of myself from five years ago would probably be trying to make it with memecoins or by voting for pot.fun pots without having to beg some fucker for a job, but right now the only thing I feel is HATRED toward any son of a bitch over 60
>>62683445Me too man. I can’t stand them. I really can’t even look at them anymore. They successfully ruined 3 generations. It’s truly sad but my sadness always get converted into anger
>>62683484Thats just your cope for being a lazy incel. Apply yourself like the boomers did
Boomer here. I want housing prices to go down because that will lower my property taxes. But I didn't fall for the idea of a home as an investment.
>>62683484You can't look at anything but your phone. But Boomers don't like looking at young people because you are all obese, awkward, and spaced out from psych drugs.
>>62676234The market can only leverage unsustainable bullshit for so long, anon. Eventually the logistics chain will crash because it isn't being compensated enough to get raw materials out of the ground if it goes all the way to its logical end, but it'll fall apart way before that.Its just unsustainable forces; they can't keep it propped up on *nothing* forever like this anon >>62676229 alluded to
>>62676207As my first home purchase ever, I went out and bought a 750k house. Please do not crash my home value, greedy millenials
>>62676207I would agree with you but I bought a house in June of 2020 with a 3% loan so I'm also in on the scam. That, plus I'm set to inherit a massive estate once my parents pass. Thus, I see my economic interests as being aligned with the boomers, lmao.
>>62684310I mean if the logistics chain stopped functioning then real estate would be the least of our problems. But I think you are making a serious miscalculation about the real estate NOT free market. Institutional capital can quite literally hold up the entire real estate market in the USA. We’re talking out of the big three firms they have multi trillion in capital with multi billion credit lines just in case. This is why I emphasize the fact we do not live in a free market. Institutional capital can create what’s called an institutional floor in which they would create a stop gap and no house would ever fall beyond a median price of 300k or whatever they decide. Because we have a state corporate cartel not a democracy and they have an incentive to make sure real estate stays high so they can continue to borrow money from banks etc we are fucked. A cartel runs our govement and that is a fact and there’s no way to get them out without serious carnage
>>62684349>>62684347You are both beyond fucked. From a risk reward perspective you took all risk with very little reward left on the bone. You tards bought the absolute highest price the USA has ever seen in real estate in this nations history. I wouldn’t touch real estate until around $200k median price which is -50% from current median value. You’re both probably going to end up extremely under water but hey at least ur not homeless in the meantime but you may be later. Goodluck and I do mean goodluck I’m not trying to be a dick but I’ve been reading stock charts for 8 years
>>62684365My mortgage payment is $2,200 a month. I'm extremely unlikely to go underwater because even a 50% drop is still going to keep me above my original sale price. Not that I am expecting a 50% drop because that would be historically unprecedented. Even if I do go underwater it doesn't matter because my payment is so low I can just pay it off with the change I find between my couch cushions. The blessings of a low interest rate.>Goodluck and I do mean goodluck I’m not trying to be a dick but I’ve been reading stock charts for 8 yearsUh huh, yeah. You're an idiot who doesn't have a clue what he's talking about. It's just horseshit to justify why you are and will always remain a poor loser.
>>62676207When's is the crash?
>>62676207the only times where i appreciate arabs and niggers is when they are abusing boomers in nursing homes
>>62676207They need prices to stay high to sell to Blackstone to cover end of life medical bills.
>>62684358>guys there is a international cartel that keeps house prices high>>62684365>guys the house of prices is going to fall by 50%ok which is it chucklenuts? can't be both.
>>62684424You bought the top and no coping can change that, goodluck. I could buy one right now but I’m not paying a literal +300% markup are you retarded? That’s financial suicide. I outpaced the sp500 this year only 0.1% of traders are even capable of such so I won’t argue you’ll FAFO soon>>62684490We don’t know what the firms are going to do. Usually before they implement a stop gap they attempt a shake out. With Warsh at the central bank being hawkish and interest rates potentially raising substantially over the next 5 years or so, housing demand will most likely plummet cuz no one can afford a 400k median price at 10-15% possibly 18% interest rates so there will be a lot less buyers and much slower growth. Like I said to the faggot above who bought, you guys took all risk with no reward on the bone and in current economic environment you’re going to get super bombed by the big show off the turnbuckle into a metal table . Good fucking luck and I mean that
>county has meeting to allow building of housing on farm they purchased after owner sold it to them>Half of nearby Boomers demand land remain blank>Other half demand only single family homes >Also our ungrateful kids keep moving away because they can't afford to live here what is wrong with this county?!?!I hate them so fucking much.
>>62676264>>62676269dumb bitch>>62676266>>62676270this + first time home buyer/immigrant loans/fraud/ebt
>>62684523can i copy trade you? im poor and dont need much to live like a rich man.with just a thousand a month i would consider myself rich and powerful and could finally be free of the system
>>62676207Yeah well they defend it by saying we will inherit these homes and that the best time to finance a home is today.
>>62676207housing prices only mean something if they can find a buyer. the usa's population is declining. what happens with prices when a large surplus encounters small and shrinking demand?
>>62683624>> obese, awkward, and spaced out from psych drugs.Those things are the boomers fault thoRaising kids in isolation in boomer suburbia, feeding them fast food because they’re too lazy to cook, getting them on psych meds because they utterly failed as parents because they’re too selfish to invest time and mental bandwidth into their children. They knee-capped their children and laugh at how they can’t walk.
>>62676207Sorry I dont read news written by a "Jason Ma".
