After building real-estate wealth from high housing prices, boomers are facing a shortage of suitable retirement housing.
  • Wes4Humanity@lemm.eeEnglish
    361·
    23 days ago

    I think we’re probably playing it a little fast and loose with the word “rich” here. Boomers were raised by people who steadfastly believed in the system, in a time after the new deal when the system was still actually helping people. (Broad straight white strokes, I know.) They are also pig headed as a generation, and changing their beliefs (like from, the system is working, to, the system is not working) is hard for them. So they were easily tricked into selling out the future for their own meager gain. They were still victims though, and I don’t think anyone would say the majority of them got rich from the housing stuff. Just comparatively to how shitty their kids are doing. At least the article is pointing towards “the rich,” just not the real ones. It’s about dividing the peasants as usual.

    • Flocklesscrow@lemm.eeEnglish
      19·
      23 days ago

      I think it’s the pigheadedness that really fucking irks though.

      As an elder millennial, life has been a constant uphill battle of engaging with Boomers who are little more than wizened, abusive children, whose stock-in-trade is gaslighting and outright dismissal of any idea they didn’t “think” of themselves. Meanwhile, Boomers are collectively rubes and undereducated hicks in comparison to their children, like myself, who did go to school so that we approach the world with more openness to new ideas and critical methodology, and less entrenched “answers.” Bear in mind that in the US, only about a third of the adult population has at least an undergraduate degree, and many of those are in narrowly defined fields like “business,” and thus lacking the broader perspective that a well-rounded BA can provide.

      So young(ish?) people with educations and formal understanding of their fields and the systems of the world have had to take a back seat, for at least 20 years, while Boomers have failed upwards to their Peter-principle peaks, where they then perched and punched downward.

      I understand the root is Capitalists and Corporates, who benefit from generational divides, but it’s incredibly hard to separate that from the rank and file Boomers who are also obstinate and, frankly, wrong, about so much, all the time- yet who have a much higher quality of life, in comparison.

      • 4grams@lemmy.worldEnglish
        6·
        22 days ago

        I cannot tell you how much this resonates with me as I watch my parents age. They have both lived in a society that has catered and coddled them their whole lives and now that they are finally getting to the point where they can’t produce for the machine anymore and are rapidly, painfully, loudly making sure we all know just how unfair it all is.

        Sorry, but you didn’t plan one moment for your future, I literally had to listen to your retirement plans which was “I’ve got kids” for the last 40 years.

        Yeah, I’m a little bitter.

      • sunzu2@thebrainbin.org
        51·
        23 days ago

        Boomers provided owner class with political cover for the fuckening we are experiencing and will continue to experience until we are dead. They own zero of it and are indigant at the suggestion that this is the world they voted for.

        Treat a boomer like a brain dead parasite it is, we aint gonna get shit done with them.

        Gonna need to bundle under 55 coalition if ever get any shift in policy IMHO

        • surewhynotlem@lemmy.worldEnglish
          12·
          22 days ago

          And by neglecting them, will they magically learn to do better? Or are we happy to continue with that weight around our necks until they die?

          • Duamerthrax@lemmy.worldEnglish
            6·
            22 days ago

            What exactly do you think we can do? That whole generation has collective brain damage from the leaded gas. They don’t listen or respect anyone younger then themselves that isn’t regurgitating what they already want to hear.

            • surewhynotlem@lemmy.worldEnglish
              1·
              22 days ago

              Why do you think their addled brains default them to fascism?

              They’re being targeted specifically because they’re easy to manipulate. Why are we so against manipulating them ourselves?

              • Duamerthrax@lemmy.worldEnglish
                2·
                22 days ago

                I didn’t say anything about fascism, but there does seem to be a correlation between brain injuries and being a conservative. Gary Busey and RFKjr both come to mind. A shoot in the dark, but empathy might require higher brain function then selfishness. Conservative pundits also offer simple answers to complex questions.

                • surewhynotlem@lemmy.worldEnglish
                  1·
                  22 days ago

                  That’s a very realistic take. I wonder if we can’t use the same tactics somehow. Give them a more realistic enemy to hate and fear. Like the rich.

                  Eh… Deprogramming racism is probably really hard though :-/

  • blindbunny@lemmy.mlEnglish
    14·
    23 days ago

    That’s fine, they’re going to loose their social security then they’ll have to sale to retire.

    • Flocklesscrow@lemm.eeEnglish
      10·
      23 days ago

      Sell to whom? Too many live in large properties with land that has appreciated to the point that very, very few young people can entertain purchasing. So, instead, the house and/or land is sold to developers or banks, who will then demand an inordinate ROI on said investment, which usually means building “luxury homes” or whatever, which are also beyond the financial means of most younger people.

      • blindbunny@lemmy.mlEnglish
        3·
        23 days ago

        So, instead, the house and/or land is sold to developers or banks, who will then demand an inordinate ROl on said investment,

        Sounds like someone is going to have to take a loss. Or have squatters move in and cost them more in maintenance then it costs to sell.

  • Melatonin@lemmy.dbzer0.comEnglish
    12·
    23 days ago
    1. Who is buying the expensive properties?
    2. Lots of states have cheap property but bad schools and no jobs. Perfect for retirees.
    3. I forgot three.
    • sunzu2@thebrainbin.org
      63·
      23 days ago

      Lots of states have cheap property but bad schools and no jobs. Perfect for retirees.

      I doubt medical systems are good tho…

    • Kit@lemmy.blahaj.zoneEnglish
      2·
      22 days ago

      I’m genuinely confused by your #1 question as well. We see that investors are accounting for a sizeable percentage of home purchases, but families are still buying most of the homes. I’m in a low cost of living city and see homes and condos go for half a million or more every day. Who is buying them? You’d have to be a top earner in my area to afford those homes, but the quantities just aren’t adding up. Hell I’m in the top 15% and could never afford a house for that price, and I was lucky to find something I can afford.