Insert horrified looks when I tell me friends some "funny stories" from my childhood. :D
this post was submitted on 04 Jul 2024
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Boomers and Gen X are also hording all the homes in the midst of half decade long housing crisis.
Where does it say that Gen X is buying up multiple homes - you did say “hoarding”, so that means purchasing multiples…?
That’s meaningless. It’s a $ amount, not a property count.
So what, you think millennials own huge tracks of empty land? You're not a serious person.
"On average, people who have been alive longer have more money" - shocking news!!
Edit, because I want to add I agree that generational wealth disparity is an issue, but the data you're presenting is bad and does not help your argument. Additionally, it has nothing to do with your original statement and you're going off on weird tangents. Utilizing the system as it is designed is not ignorant. It's a bad system and needs to be replaced, but that's a different beast altogether. Anyway, carry on.
I'm not going off on weird tangents. The person I responded to encouraged me to "go on" regarding the detrimental effect Boomers and Gen X have had on later generations.
And no this is demonstrably not due to some "generational wealth". It's because of reactionary housing policies that boomers enacted to benefit themselves. From redlining, to Realtor steering, to draconian eviction laws, to tax breaks, to white flight, etc etc.
You don't even necessarily see this extreme hoarding in other western countries like Japan where homes can actually be free in some circumstances.
Okay, again, I don't disagree, but you're talking past me.