OK Boomer

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[alistairmonro]

If you stop artificially creating demand for housing, by importing so many fruit pickers, there wouldn't be an issue.

[garchamp]

I am an older millennial, and my grandfather liked to tell the story of how when he got his electricians apprenticeship diploma he found himself a good job and bought a house on his way home, after which he proposed to his girlfriend who would bear his children and keep the house in order for the next five decades. A good life like that is so far beyond me that it isn’t even funny.

[chrisnelson]

Had an argument with my mum. She kept asking me why I don't get on the property adder. I explained I can't afford it. She scoffed, "Yes you can! You work full time! I bought a house when I was your age by working full time!" I sat her down and we went through the figures. I explained to her that when she was my age houses were a lot cheaper in comparison to the average yearly wage. Even with the facts laid out in front of her she just couldn't accept that people my age have it so much harder than she did. I think they are in denial honestly.

[MatthewOlney]

To fix this nation, we need to undo every single blairite policy

[thomasmcdonnell]

I agree with Calum, generational blame game seems like another method of destabilisation to me.
But the board is eye opening, the greatest generation gave their kids the greatest life & their spoilt kids didn’t do the same?

[Neccronix]

Do not pass Joe, do not collect $2000 dollars (adjusted for inflation).

[mk]

Parents bought their house in 1983 for $73, 000cad and if they sold it now would get around $800k easily. For a 1300sqft semi-detached. It is disgusting.

[ineedmymodfixed]

I'm a US millennial here and I just pulled out my pay stub and looked at it. I'm used to seeing the direct deposit amount on my paycheck, and just looked at my physical stub to check my SSI withholdings. In total I see roughly 1/2 of my earnings. I about puked when I saw just how much they rob from me. If I was to put that entire amount into a bank account, I could buy my house in cash in just 3.2 years. But instead I'll pay 2.5x+ the value of the house over 30 years.

[saltyrogers]

So weird that doctors, engineers, scholars and lawyers only want to come here and pick fruit and ride bicycles for deliveroo and just eat, what a waste of good skills.

[Jalreal]

Some of us were ahead of the curve back in 2014/2015, saying the migrant crisis is being allowed to happen primarily to keep housing prices higher than otherwise.

Articles are published regularly discussing the housing shortage in the USA, but always fail to mention that about 4-6 million people have entered the country illegally in the last 3 years, let alone the legal immigration.

[OctagonalSquare]

“It’s a soft spot knowing that we destroyed the housing market for all future generations. See how much of an asshole I am?”

[TheMuclusla]

This segment definitely speaks to me as an older zoomer (26 this year). My parents are younger boomers (early 60's now). My father was able to secure a very lucrative tech career with nothing but a high school diploma and were onto their second house by the time I was about a year old. They were able to get a 4 bedroom house in an amazing neighborhood (great public schools, virtually no crime) in 1999 for less than 300k. That house is now easily worth 1.5 mil now after all this time of simply sitting on it. Now something people don't speak on much is that because everything was so incredibly easy for boomers, they are spectacularly bad at managing money -- they never had the need to learn how to. Because of this, despite generating so much money (constant expensive vacations, eating out, etc.), by the time I reached 18 they apparently had no money to pay for my college despite grooming me for it my entire life (raised with the classic boomerism "if you don't go to college you'll work at McDonald's your whole life). Then lo and behold as soon as I finished college they began dumping what I estimate to be hundreds of thousands of dollars into renovating their home, as well as going on multiple luxury trips to Europe every year (after years of claiming they had no money to pay for college). Completely unnecessary as the house would've still sold for 5x what they got it for with absolutely no renovations since purchase. I love my parents, but they encapsulate everything wrong with the boomers. They could've easily paid for both me and my brother's college educations and even helped us secure our first houses, but they simply chose to invest in themselves instead. It comes across as if they simply do not care about giving their future grandchildren a good life. And to top it all off, they both have voted democrat their entire lives, so they're also responsible for making their children foreigners in their own country. Boomers will absolutely be remembered as the generation that was given everything by their parents, and left nothing for their children.

Sidenote: I'm not the kind of millennial/zoomer that got a worthless degree and am bitter at my own poor choices. I got a degree in Applied Math and Statistics from the best STEM school in my state, and I work a job in the field of data science/analytics. I did everything I was supposed to do in order to secure a comfortable life. I also live with my girlfriend who works full time as well. We're barely able to afford a 40 year old one-bedroom apartment.

[mr.g]

Connor now looks like someone who could hear the german planes over the canal before they are visible and calculate their exact arrival time

[aaronvt]

"Ok renter" sounds a lot like "ok peasant". If you want wage slaves to revolt, this is exactly the kind of thing you should say.

[CacctusChan]

Living with your parents in your 20s and 30s is going from something worthy of ridicule to the status quo.

[seandelap]

When the cost of living is through the roof and younger people cannot afford to buy their own houses what else do you expect really not to mention there's little in the way of spare accommodation because so called refugees have been put into all of them

[roberttackett]

Instead of stating, "The value of houses increased." It might be more accurate to say, "The cost of houses increased." The value of a house does not go up as it ages and deteriorates. What can be said about value is that the value of government money quickly deteriorated once governments refused to honor the gold standard.

[Victor_Andrei]

I'm such an idiot... I should have bought a house in the 90s instead of being born and wetting nappies.

[harold]

Imagine if Abraham had this line of thinking. The entire Holy Bible would’ve been ended in Genesis, Isaac would’ve starved to death because his parents used all his inheritance to gamble slots in Uruk.

[MasterSwo-MK]

"It can't go on" he says.

Given the trend over the last decade, I say not only can it go on, but it most certainly will.
We're fucked folks.