Current Events > this image sums up the selfishness of boomers

(+) Yeah! (+)

https://gamefaqs.gamespot.com/a/user_image/5/2/1/AAPoV8AADaJR.jpg

"how dare you want to afford homes we want to make more money off them to horde for our selves"

god I wish the housing market crashes again

Boomers being ruined financially pleases me sexually.

These moron millenials should have just bought a house in the 1980s! You snooze, you lose kiddos.

Everything works both ways. My grandfather is 99 and has 9 poor children (my mum being one of them) really relying on selling his house, which is by far the most valuable asset in the family, for a good price when he passes to sustain themselves throughout retirement. They're mostly all renters themselves.

My mum worked hard her whole life but could never get very far ahead financially through supporting her children and with a low paying job

haloiscoolisbak posted...

Everything works both ways. My grandfather is 99 and has 9 poor children (my mum being one of them) really relying on selling his house, which is by far the most valuable asset in the family, for a good price when he passes to sustain themselves throughout retirement. They're mostly all renters themselves.

My mum worked hard her whole life but could never get very far ahead financially through supporting her children and with a low paying job

question did your grandfather ever fall for the reverse morgage scam?

cus alot of ppl did and wont be leaving their houses to any one

AceMos posted...

question did your grandfather ever fall for the reverse morgage scam?

cus alot of ppl did and wont be leaving their houses to any one

I don't know what that is. He paid off the house eventually though and owns it

haloiscoolisbak posted...

I don't know what that is. He paid off the house eventually though and owns it

https://youtu.be/O4FKPcLnd3Y

How entitled of those millennials to want to be able to afford a home.

Take that you mother fuckers, we dont have any money so you cant make any

us

But in a good way

haloiscoolisbak posted...

Everything works both ways. My grandfather is 99 and has 9 poor children (my mum being one of them) really relying on selling his house, which is by far the most valuable asset in the family, for a good price when he passes to sustain themselves throughout retirement. They're mostly all renters themselves.

My mum worked hard her whole life but could never get very far ahead financially through supporting her children and with a low paying job

This is the side that people do not see. I think the article seems very smug, but I bought a very nice house and I want it to stay at that price or more. I do not want to lose money on it. I take care of it very well and see it as an investment.

k1zzl3_82 posted...

This is the side that people do not see. I think the article seems very smug, but I bought a very nice house and I want it to stay at that price or more. I do not want to lose money on it. I take care of it very well and see it as an investment.

If you only intend to use it to live in, you can still do that regardless of what it's worth. If you might sell it someday, yes, you'll get less, but if it's to buy another one, that other one will also cost less due to the crash, so you don't actually lose out - and if you were planning to upgrade, you're better off, because the difference in value will be much less in dollar terms.

The only ones who actually lose out are those who bought houses to make money rather than to actually use as houses, and they fucking deserve to lose out (and, ideally, end up in prison).

Trumble posted...

If you only intend to use it to live in, you can still do that regardless of what it's worth. If you might sell it someday, yes, you'll get less, but if it's to buy another one, that other one will also cost less due to the crash, so you don't actually lose out - and if you were planning to upgrade, you're better off, because the difference in value will be much less in dollar terms.

The only ones who actually lose out are those who bought houses to make money rather than to actually use as houses, and they fucking deserve to lose out (and, ideally, end up in prison).

So people who buy houses, improve them and flip them deserve to lose out and end up in prison?

k1zzl3_82 posted...

So people who buy houses, improve them and flip them deserve to lose out and end up in prison?

Yes. In a hypothetical future situation where there is plenty of housing available and those kind of fancy done-up houses are merely the premium option, it's a different matter, but that is not the current situation, and those who treat housing as a moneymaking scheme are the reason the current issues exist.

FL81 posted...

god I wish the housing market crashes again

same >_> I've been bidding on properties and it's fucking silly how high the prices are

Trumble posted...

Yes. In a hypothetical future situation where there is plenty of housing available and those kind of fancy done-up houses are merely the premium option, it's a different matter, but that is not the current situation, and those who treat housing as a moneymaking scheme are the reason the current issues exist.

right... THAT is the reason current issues exist.

https://gamefaqs.gamespot.com/a/user_image/5/6/5/AAfAHXAADaJ9.jpg

k1zzl3_82 posted...

right... THAT is the reason current issues exist.

How is it not one of the main reasons current issues exist? Landlords and corporations buy tons of properties and rent them out or sit on them. It's not untrue just because you feel sarcastic about it.

k1zzl3_82 posted...

right... THAT is the reason current issues exist.

I'm not saying flippers are the sole ones responsible. I'm saying they are one group that is responsible, out of the overall group of people who use housing to make money instead of for housing; and at that, a group who would be tolerable in the absence of a housing shortage / unaffordability crisis, unlike some who need to just fuck off in general.

I thought that statistic people liked to keep posting was that there wasnt a housing shortage, more stood empty etc.

In that case blame the corps, sure, but private citizens would largely have little impact.