Interviewer: So, you have an impressive resume…
Interviewee: OH NO… TRAIN IS LEAVING THE STATION
When the fuck did I say that? I’m saying it was significantly easier for boomers and GenX to buy a house during their prime years than for millennials and GenZ. Learn to read mate.
Fine, and feel free to continue to downvote me, but the difference from Boomer-to-GenX and GenX-to-the generations that followed is catastrophic.
Its like saying “yeah, being handicapped sucks but I did break my ankle as a teen so we’re basically in the same boat”
“Boomers are now contending with insufficient afforable housing”
When? Certainly not when they were entering the housing market.
All this says is that boomers can’t buy a house right now, much like everyone else.
This article is barmy.
(Narrator: He took it the wrong way)
Yup, can confirm. People downvote things they don’t like.
Cool, great comment, but I’m talking about the general majority.
If buying a house is 3 x your annual income and you don’t own a house, you are either an outlier with tragically unique circumstances or you are incredibly silly.
Did you get an interest-only mortgage or something? Because property value has skyrocketed since Gen X stepped into the housing market.
Your personal experience doesn’t reflect actual financial data.
I mean this in good faith so please don’t don’t take it the wrong way, but I can literally prove that buying a house was incredibly more affordable for a huge number of Gen X compared to Millennials (and certainly Gen Z).
The drop-off for the following generations is immense.