re: Great YT video "How the US Is Destroying Young People’s Future"

Blacks.

As a Gen Xer I watch the generation battles with amusement. I have to take up for boomers in a way because they didn't have it as easy as a lot of the younger generation thinks because they weren't around to see it. A lot of the boomers bought their homes in the 70s and 80s. During that 20 years mortgage interests were always higher than they are now. I don't think they were ever lower than 10% in the 80s and topped out over 15%. That is shitty credit card interest during the life of Millenials. My mother was a corporate lawyer and my father was a surgeon and the average millennial has more shite in their house/apartment and toys in the garage than my parents did. They just hit the grind everyday and the 90s came and they made a metric frick ton of money in the market because other than a house they saved money.

The millennials will have their 90s, I'm willing to bet, but if they spend all their money on Temu and iPhone 27s they won't have anything to take advantage of it. Just remember being the victim just incentivizes you to underachieve.

You’ve at least tried to mount a defensible argument, so I thank you for that. That’s a more than I can say for the vomiting drr has done in here.

Although as a Houston resident I find your suggestions for Houston properties indefensible as prudent financial decisions for a single person, much less a family.

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$200k, 3/2 with some land, looks good on the inside. is this the utopia???

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Not near a city center, so no go.

Also, did you really just suggest a house with carpet?

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. I have to take up for boomers in a way because they didn't have it as easy as a lot of the younger generation thinks because they weren't around to see it. A lot of the boomers bought their homes in the 70s and 80s. During that 20 years mortgage interests were always higher than they are now. I don't think they were ever lower than 10% in the 80s and topped out over 15%. That is shitty credit card interest during the life of Millenials. My mother was a corporate lawyer and my father was a surgeon and the average millennial has more shite in their house/apartment and toys in the garage than my parents did. They just hit the grind everyday and the 90s came and they made a metric frick ton of money in the market because other than a house they saved money.

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This was my boomer parents. My dad worked his way from driving a van delivering cheap bullshite toys to conveniance stores to station manager for an NBC affiliate and eventually running his own TV production company over the course of 30 years. He spent every bit of his free time on side hustles or doing major improvements to our house on his own, the sale of which allowed them to purchase a vacation home and a McMansion on the good side of town. Then he dropped dead in the driveway of his swanky new house at 53 from a massive heart attack.

Ummm

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The boomers in here have convinced me. Biden and the democrats have American rolling and fixed the glaring issues left behind at the fault of Reagan and other republicans

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Since you replied to me I just wanted to point out that my post was more of a cautionary tale than an endorsement of working yourself to death for a house.

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I have to say… What your generation lacks in grit and perseverance, you certainly make up for in big mouths and general unlikability.

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I'm not historically one to blame a generation of people but the more I listen to your age group the more you truly disgust me. You want the younger generations to suffer and you enjoy it.

Umm.