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A battle Millennials are losing to Boomers - can you say "OK Boomer" now?

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  • Tnhawk

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    Dec 7, 2017
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    The last of the Boomers are hitting 60......

    I don't know about other Boomers (I'm about to hit 65), but the last thing I want to do is sign a 30 year mortgage or any long term contract for that matter.........

    Home is paid for, it would be foolish to sell and buy another inflated property....
    I'm over 70 now but will be selling my home in TN to return to Texas as soon as my wife retires. Another mortgage is more desirable than remaining in an increasingly hostile environment.
     

    Sasquatch

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    I'm over 70 now but will be selling my home in TN to return to Texas as soon as my wife retires. Another mortgage is more desirable than remaining in an increasingly hostile environment.

    Its a shame how TN is being quickly over run by leftists - Texas is under threat of same - but thankfully it's going to take a lot more lefties to flip Texas than Tennessee
     

    pronstar

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    Seen him a couple of times. Great shows.

    It’s all about the robot!

    1fc6804030543a45f542f29f8f5b5c36.jpg



    Sent from my iPad using Tapatalk
     

    BBL

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    Feb 8, 2021
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    I had to break out my nanobot scale violin (and nanobots to play it) to play in sympathy with the plight of the Millennials over this.
    Looking at the actual article content, the numbers don't seem wrong but the bias and hatred are apparent. It feels like the article is meant to shame these evil "boomers".
    Just one look at the author (leftist millennial) explains it.

    One thing, for example, that the author failed to take into account is the lack of interest of millennials in owning and maintaining a property. Why would they have to be responsible for anything in their life, including a house?
    Point in case: I used to have a co-worker. Millennial up the wazoo, brand new crApple products every month, very image oriented and also very very lazy. Lived paycheck to paycheck even though he made great money. And lived in an apartment. Did not want to live in a house because he did not want to "deal with" things like grass, maintenance etc. He loved his apartment because it was next to Starbucks, taco truck and other convenient things.
    So the thought of house sales for 18-39 y/os being 13% lower than previous decade actually sounds absolutely normal to me, if not even higher than expected.
     

    toddnjoyce

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    Sep 27, 2017
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    Some food for thought. Our 27 y/o daughter has been lamenting that while she wants to buy a house, she just doesn’t see it being in her future. Her position is that she doesn’t want a starter home and wants to live in a trendy area in/near downtown Austin. Below is a screenshot of one she sent us recently as an example.

    3f1540b954877f34e75cbe90ecc9c988.jpg
     

    pronstar

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    We had “millennial training” at a company I once worked for.

    The trainer brought up a bunch of news articles from the last 100 or so years.

    And he pulled examples from each era, with older people lamenting about lazy young people etc.

    We were unable to distinguish the older articles, from newer articles.

    It was pretty revealing…these arguments have been going on forever.


    Sent from my iPhone using Tapatalk Pro
     

    SQLGeek

    Muh state lines
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    4   0   0
    Sep 22, 2017
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    Richmond
    Some food for thought. Our 27 y/o daughter has been lamenting that while she wants to buy a house, she just doesn’t see it being in her future. Her position is that she doesn’t want a starter home and wants to live in a trendy area in/near downtown Austin. Below is a screenshot of one she sent us recently as an example.

    3f1540b954877f34e75cbe90ecc9c988.jpg

    $800K for that? lol wut

    Pray tell what was your response?
     

    V-Tach

    Watching While the Sheep Graze
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    Sep 30, 2012
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    Some food for thought. Our 27 y/o daughter has been lamenting that while she wants to buy a house, she just doesn’t see it being in her future. Her position is that she doesn’t want a starter home and wants to live in a trendy area in/near downtown Austin. Below is a screenshot of one she sent us recently as an example.

    That would be akin to living in an apartment........I'd rather live in the country......in a tent......
     

    Eli

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    3   0   0
    Dec 28, 2008
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    Ghettohood - SW Houston
    My wife and I purchased out home in 12/2020, it's already appreciated about 30% in less than a year!
    I work in Real Estate professionally, the market in almost the entire country is insane right now - and in the Houston area they don't expect current demand to be met for 5+ years!
    I'm trying to find land to develop, and get investors.

    Eli
     

    Sasquatch

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    Apr 20, 2020
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    My wife and I purchased out home in 12/2020, it's already appreciated about 30% in less than a year!
    I work in Real Estate professionally, the market in almost the entire country is insane right now - and in the Houston area they don't expect current demand to be met for 5+ years!
    I'm trying to find land to develop, and get investors.

    Eli

    What is surprising to me is that a few of the homes in our neighborhood that have been for sale of late sold for *less* than list price, and there's a brand new home that just finished construction about a month and a half ago that has yet to sell. Sign's been up for weeks. Neighbors are all in agreement, it's way too high for what it is, but I think 6-12 months ago it would've gone within the week. The home & lot meet the minimum for the HOA - 1000 sq feet on 1/4 acre. List is $275. Another developer bought a property and subdivided it last year - put two homes up. The bigger home listed at $215, and IIRC sold at $250. That house is I think 2000 sq feet on the 1/4 tract, and its right across the street from one of our ponds so it has a better view. The $275 home is a corner lot with a view of the neighbor's driveway right across from them, and sits 1/8th of a mile off the highway, so it'll have a lot more constant road noise.
     

    Texas42

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    Nov 21, 2008
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    "Millennial homebuyers have been struggling with the financial fallout from the Great Recession"

    Umm boomers didn't 'skip over' that, affected pretty much everyone.

    Ended up selling my bar due to it, was a good thing in the end.

    I think it probably is better said by saying that people with liquid capital generally prosper during recessions and depressions. People, on average, gain wealth until their mid 60’s to 70’s. There is a lot More wealth in Boomer hands than Millennials. That just is, and housing is a tough market right now.
     
    Every Day Man
    Tyrant

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