Boomers had 20% of the wealth at the age millenialls are...millenials currently have 5%. So boomers were 400% wealthier at the millenials age and they only needed one job per household vs 3 to have that.

@billr5842

Жыл бұрын

Oh but some crusty boomer will tell you to not buy avocado toast and you'll be just fine! I have an extremely good degree and make 6 figures and am nowhere near able to buy a house. If I was a boomer id easily be able to buy multiple houses with my income

@kendallevans4079

Жыл бұрын

@@billr5842 LOL....Crusty Boomer! Like me! It's called a strong work ethic and a good education, they will go far in any economy. Also don't buy that top of the line BMW to impress your social media friends.....do all that and you'll be surprised!

@AB-fq4mr

Жыл бұрын

@@billr5842 Lol don’t forget the Starbucks coffee you need to cut out 😂 I make six figures and save 70% of my income living like a dog and I STILL can’t buy a house because too many people are moving here and there’s nowhere else for me to go or nothing to buy that’s not trash.

@Runforcake

Жыл бұрын

@@billr5842don’t spend all your money on onlyfans

@Calvinmob6886

10 ай бұрын

I make a 80K a year and understand I'll never buy a home. I'm frugal, with no credit cards, no car loans, no student loans, and it's so hard. Rents are 2k+ and since I'm single, 1/3 of my check goes to taxes and medical.

It’s says a lot about a generation who’s greed has eaten the future of their children. Millennials should be at the top of list of home buyers not their senior citizen parents.

@aethylwulfeiii6502

11 ай бұрын

Cough cough social security type schemes.

@anneteller3128

9 ай бұрын

Don't know what's happening in your neck of the woods, but where I live the investors are to blame. They have been placing large sums of money up front directly to the sellers making it impossible for individual home buyers of any age to complete. I saw the CBS report again today, 9/8/23 blaming boomers. Blame Vanguard and Blackrock. Oh, that's right, they own CBS too. So, the truth won't be coming from CBS about this for certain. The globalists aren't too crazy about a large, prosperous, happy middle class, so they are trying to destroy the middle class and make us a nation of renters. If you don't believe me that it's the investors, ask real estate agents. The investors are going around them straight to the home sellers and offering big down payments up front. We have a globalist and billionaire problem, not a boomer problem. Billionaires are way overrepresented in the Senate. We need to enforce the anti-trust (anti-monopoly) laws and update them. Last time we allowed oligarchs to run the world at the turn of the 19th to 20th century, we ended up in two world wars. And, this time is no different, we're headed for another world war. And guess who the globalists will send to fight that war, that's right the working and middles classes.

@jflsdknf

8 ай бұрын

@@anneteller3128 Not all these investors are globalists and billionaires, although many are. We have a capitalism problem is what it comes down to...a horrificially failed state that we are now paying the price for in its late stages

Let's see, who owns the majority of homes? Baby boomers. Who's made most laws and been in charge of the economy and inflation for the last 30 years? Baby Boomers. Who's been voting AGAISNT fixing the economy so it's more affordable for the young? Baby Boomers. So yes, they are pushing us millennials out of the housing market while demanding we bow down to their bs policies.

@map3384

11 ай бұрын

30 years? More like 40 years. Who do you think just voted to raise the debt ceiling so they can keep getting their cash while their financial decisions started bankrupting the system in 1986.

@anneteller3128

9 ай бұрын

Don't know what's happening in your neck of the woods, but where I live the investors are to blame. They have been placing large sums of money up front directly to the sellers making it impossible for individual home buyers of any age to complete. I saw the CBS report again today, 9/8/23 blaming boomers. Blame Vanguard and Blackrock. Oh, that's right, they own CBS too. So, the truth won't be coming from CBS about this for certain. The globalists aren't too crazy about a large, prosperous, happy middle class, so they are trying to destroy the middle class and make us a nation of renters. If you don't believe me that it's the investors, ask real estate agents. The investors are going around them straight to the home sellers and offering big down payments up front. We have a globalist and billionaire problem, not a boomer problem. Billionaires are way overrepresented in the Senate. We need to enforce the anti-trust (anti-monopoly) laws and update them. Last time we allowed globalists to run the world at the turn of the 19th to 20th century, we ended up in two world wars. And, this time is no different, we're headed for another world war.

@anneteller3128

8 ай бұрын

It’s not most baby boomers. It’s who it has always been down through the ages. A small group of elites who wrangled most of the money from the middle class, and that wasn’t enough for them, now they’re attending exclusive members only meetings to establish one world governance with them in control and whoever is left they stash in stack ‘em and pack em 15-minute Hotel California cities where they check you in but you can’t check out. If you want someone to blame they’re out in the open now, so certain their evil plan will be successful. You can identify many of them by name.

@unc1589

7 ай бұрын

Ahh. Blame. In 2023, give an old broke boomer 4/5 years and he’ll have a down payment. You only get what you want! No government, political party, race, bad family background, can stop determination! Set your goal, don’t verbalize fatalistic negativity, make money(these are your work years!) Earn your leisure! It’s all mental! The internet is not real.

Millennials want homes but can’t afford it…. Saying they don’t is naive

@pinatacolada7986

9 ай бұрын

Claiming millennials don't want homes because they don't start mortgages is like saying starving people in Liberia don't want food because they don't visit Burger King.

@jflsdknf

8 ай бұрын

@@pinatacolada7986 No. Millenials cannot afford to "start mortgages." And even if they can at asking, they are outbid.

What no one talks about is that baby boomers only had one income when buying a house to raise their family. Now us millennials have dual incomes when buying homes. And then struggle to raise a family because both parents have to work and figure out day care, mother-in-laws living in a spare bedroom, etc. and it makes the quality of life way more stressful than it should be. We need to get back to the hunter/gatherer way of life. Not hunter/hunter.

@debbieframpton3857

Жыл бұрын

In some areas millenniums do not need two incomes to be able to afford a home. Move to an area where you can get a nice 3 bedroom 2 bath home for $90,000 instead of the half-million 1 million-dollar homes

@jacobnapkins1155

11 ай бұрын

Fight for rent control baby boomers are price gouging the American dream from us with high rents

@non-applicable3548

8 ай бұрын

I'll be a stay at home Dad in a heartbeat. Where's my French maid outfit

@jflsdknf

8 ай бұрын

@@debbieframpton3857 Where would that be? In the absolute middle of nowhere? "Affordable" housing in America ALWAYS comes with lower wages.There are no "good deals" anymore

@evanrosario

3 ай бұрын

That's part of the plan. Pull the other partner out of the home to get more taxes from the populous and allow the government to raise your children. Boom 18 years flyby and they got a drone that will do as they say with no question and you had your head stuck in the sand trying to make ends meet. Destruction of the nuclear family

Homes are unattainable for my generation. I make 60k and home prices are 415k+ around around here. Something has to go give. Me and my fiance would like to start a family but it seems financially unrealistic to do so. I hope something changes

@jameslocklear5298

Жыл бұрын

You can start a family with living in a rental properties. Most Millenials and gen Z will be a forever renters to be part of the great reset. I'm really happy for you btw 👍 "You will own nothing and you will be happy " by 2030.

@jacobnapkins1155

11 ай бұрын

​@@jameslocklear5298nah they'll just start hammering speculators with rent controls and vacancy taxes you're already seeing cities pass these laws.

@DeskOfDean

9 ай бұрын

Save money

@eatmyblocks-blockchaindeve4093

9 ай бұрын

@@DeskOfDean thanks for nothing. Kinda difficult when everything else costs 4x what it did 3 years ago

@DeskOfDean

9 ай бұрын

@@eatmyblocks-blockchaindeve4093 cut back on everything besides food and shelter. Make a budget don't use credit cards and stick to you. You can do it my friend. Worse case is move to Ohio and get a 200k house, the opportunity is there

Its not so much that Im dying to buy a house, but Im sick of rental companies increasing the rent every year by way more than inflation accounts for--a one bedroom apartment in a medium to large city should not cost $1800 to $2000. Its BS. With a mortgage, you are locked into a steady payment that actually becomes a smaller percent of your income over time. With a rental, you can never get ahead.

@ExcelHedge

Жыл бұрын

Same! I finally got a huge increase in my income and then my rent spiked. I had to make a hard decision to move out and find something cheaper or struggle the next year to pay rent and possibly face eviction after the lease was up.

@YT_C9

Жыл бұрын

Ohh boy, you have no idea about the housing costs then. First of all in a bigger city, to buy a single bed room apartment, you have to spend about 500K. So we are talking about 100K as down payment which otherwise may go to investments. Now, it’s just the beginning. Your current rent may be equal to your monthly mortgage payment, What about the property taxes? What about the furniture and other electronics that goes in to apartment? What about minor repair and damage costs? Combining all that your monthly costs will easily surpass your rent+50% more at least. Good luck buying your property. I am in the same boat as you. When I look at the numbers rentals are far cheaper than buying.

@brockwagner939

Жыл бұрын

But..... you will own nothing, and you will be happy.

@thebastardgift

Жыл бұрын

There was a time people rented in order to save money to buy a house and today rent is so high not only can't renters save to buy a house they can barely save enough to move to a cheaper apartment when their rent increases.

@thebastardgift

Жыл бұрын

When a person rents, their money goes to the landlord who uses that money to pay for the mortgage of his/her property and in doing so the owner builds equity and the renter owns air. Eventually the property is paid for and the renter keeps renting. If one rents and never in a position to control the cost of housing, odds are, they will not be able to retire. Get to high ground.

Them and corporations buying up all the houses. A lot of corporations are buying up property near my area and they're renting them out for prices 4x the mortgage rate. Where I live, that's like 3k a month... And these houses are SMALL. not only will you NOT own anything, you'll be broke just paying rent. This is the housing market without regulations. You get faceless entities buying up individual residential property and using them as investment properties, leaving people who need homes facing outrageous living expenses. Our entire country deserves to fall.

@jflsdknf

8 ай бұрын

America is on its way down. Get out while you still can

Companies like black rock buying up houses keeps the prices inflated

@MusicLover-ui9sm

Жыл бұрын

Look up the bank company Greystone Realty

@jameslocklear5298

Жыл бұрын

Yes because this is America and companies can invest whatever to make profit.

@jish55

Жыл бұрын

yep, and low and behold, said company is ran by *opens up the envelope* BOOMERS

@alk3078

Жыл бұрын

@@jish55 Better than some one from the generation who doesn't know what a woman is.

@alk3078

9 ай бұрын

@@JulianKazmier-vo3fn What? Old people usually have their house paid for when they retire or have a set interest rate. Credit card interest rates will be the highest like they are now. Pay your credit card off every month.

It comes down to this simple thing, STABILITY, Baby boomers had it easier because everyone was given stable trade jobs that paid well, had pensions and great benefits! They worked at the same company for most of their lives and banks knew they were low risk so they got approved for almost any home they wanted. Plus Cost of living was alot cheaper so a one income household was enough to live on, the men went to work and the women stayed home taking care of the children. Nowadays people jump from job to job have no stability, work gig jobs and you need at least 2 good paying incomes for house buying. Pensions are gone, high paying jobs are hard to come by and banks have higher lending standards! Life is tough.

@addiecobb5351

6 күн бұрын

Boomer here. Another major problem is that wages have not kept up with inflation. It boggles my mind when someone says they make six figures today and still cannot afford a house because of the high cost of housing, student loans, and credit card debt. It also lets me know that the bloomers are not the problem; It's the businesses and corporations keeping wages low. 😢

@addiecobb5351

6 күн бұрын

Boomer here. Another major problem is that wages have not kept up with inflation. It boggles my mind when someone says they make six figures today and still cannot afford a house because of the high cost of housing, student loans, and credit card debt. It also lets me know that the bloomers are not the problem; It's the businesses and corporations keeping wages low. 😢 Most of us are Aging in our homes because we cannot afford to pay more for smaller homes. The cost of assisted-living and 55+ senior communities with their HOA fees and assessments are too expensive for the average retiree.

I would love to buy a home but the wages have not kept up with home prices and rent is now more than some mortgages.

@Waltaere

Жыл бұрын

With future market conditions prices will ~always~ outpace wages.. always

In some markets it's foreign money causing high housing prices.

@TheTokkin

Жыл бұрын

No it isn't. It's the lack of new construction.

@jameslocklear5298

Жыл бұрын

Lack of new consturctions and foreign investors. You can't even build more homes in desirable areas because of zoning laws anyway. I don't wanna change zoning in my backyards.

@ryeguy7941

Жыл бұрын

It's like that here in Canada, that traitor Trudeau has opened our country up to be exploited.

@richcherwalk6349

Жыл бұрын

Imagine that, foreigners get to use our precious housing resources as investment vehicles all in the name of free market nonsense.

@anneteller3128

9 ай бұрын

Don't know what's happening in your neck of the woods, but where I live the investors are to blame. They have been placing large sums of money up front directly to the sellers making it impossible for individual home buyers of any age to complete. I saw the CBS report again today, 9/8/23 blaming boomers. Blame Vanguard and Blackrock. Oh, that's right, they own CBS too. So, the truth won't be coming from CBS about this for certain. The globalists aren't too crazy about a large, prosperous, happy middle class, so they are trying to destroy the middle class and make us a nation of renters. If you don't believe me that it's the investors, ask real estate agents. The investors are going around them straight to the home sellers and offering big down payments up front. We have a globalist and billionaire problem, not a boomer problem. Billionaires are way overrepresented in the Senate. We need to enforce the anti-trust (anti-monopoly) laws and update them. Last time we allowed oligarchs to run the world at the turn of the 19th to 20th century, we ended up in two world wars. And, this time is no different, we're headed for another world war. And guess who the globalists will send to fight that war, that's right the working and middles classes.

It’s not comparing generations we just want the same privileges that your generation had.

@anneteller3128

9 ай бұрын

Don't know what's happening in your neck of the woods, but where I live the investors are to blame. They have been placing large sums of money up front directly to the sellers making it impossible for individual home buyers of any age to complete. I saw the CBS report again today, 9/8/23 blaming boomers. Blame Vanguard and Blackrock. Oh, that's right, they own CBS too. So, the truth won't be coming from CBS about this for certain. The globalists aren't too crazy about a large, prosperous, happy middle class, so they are trying to destroy the middle class and make us a nation of renters. If you don't believe me that it's the investors, ask real estate agents. The investors are going around them straight to the home sellers and offering big down payments up front. We have a globalist and billionaire problem, not a boomer problem. Billionaires are way overrepresented in the Senate. We need to enforce the anti-trust (anti-monopoly) laws and update them. Last time we allowed oligarchs to run the world at the turn of the 19th to 20th century, we ended up in two world wars. And, this time is no different, we're headed for another world war. And guess who the globalists will send to fight that war, that's right the working and middles classes.

Divide and concur. Set one against another. The real enemy is extreme wealth and greed. It’s not “us against them”. It’s wealth against humanity.

@akshaysarkardbit

Жыл бұрын

Exactly, when tons and tons of houses are picket by investment firm for quick flip profit at low interest rate. Its meant to raise price war and lack of inventory.

@atorres11720

Жыл бұрын

That sounds like something someone said in Gladiator

@jing2x87

Жыл бұрын

"Conquer"

@r-uu2qi

Жыл бұрын

Biden and the democrats caused inflation and housing crisis

@dianeyoung8068

Жыл бұрын

Yes, so true.

Who makes a bar chart with five shades of the same color?

Interesting: How many Elderly people are downsizing to the exact same size house most desired by people with children wanting to upsize?

@Ruffles2012

Жыл бұрын

It would explain why there are so many baby boomers in the market

@laurajane4806

Жыл бұрын

@@Ruffles2012 While that's true, it doesn't address the question you replied to. What do you think about the phenomenon of separate age demographics buying the exact same size of new homes to downsize and upsize in simultaneously. I don't know anyone in either category, so I'm wondering if anyone else does. Thanks :-)

@sjonail

Жыл бұрын

​@@laurajane4806 I do and its hilarious.. but if they have the SAME energy to clean up their big houses themselves without help 🤷🏽‍♀️ then who am I to judge

@laurajane4806

Жыл бұрын

I can't get a straight answer - oh well.

@ashdobbs

Жыл бұрын

55 here... I have a 2.65% mortgage. I ain't going anywhere. if prices do drop I may buy a second home but only if I pay cash

real estate is one of the best ways to build generational wealth

Owning a place to live is ESSENTIAL to being wealthy in the USA. It is extremely bad advice to say people are not aspiring for that and that's okay. One size fits all does not work for everyone, but some advice is timeless which is a home and a family unit can help with economic stability and prosperity.

@dc2guy2

4 ай бұрын

It's not always true tho. If you had to sell your house in 2008 you likely would have done so at a loss. Also despite the record breaking gains right now over the long-term house values barely keep up with the stock market, not to mention you also have to pay for repairs and what not with a house.

@axt2

4 ай бұрын

@@dc2guy2 It's still better than renting which is throwing your money out a window. Homes gain in value generally in addition to it being an asset. If you're paying rent you're already paying for maintenance whether you like it or not

@dc2guy2

4 ай бұрын

@@axt2 ok boomer

In a word, yes. Let's do that zoomed out view discussed. Retirement age came and went for boomers without them retiring. Millennials don't even have access to the right jobs to afford homes let alone the prices and interest rates of the homes themselves.

@damham5689

Жыл бұрын

Many boomers cant afford to retire. But go ahead and blame boomers. Its tradition to blame the last generation on the current generations problems. Same will happen to Millennials, Genx, etc... Its always someone elses fault.

@cosmeticscameo8277

Жыл бұрын

@@damham5689 actually you would be hard pressed to find anyone blame the silent gen or the ww2 generation because... for the most part they didn't live as long and they stepped aside. you gonna blame someone that steps aside?

@kylemartin7727

Жыл бұрын

@@cosmeticscameo8277 how is it blaming when it’s the truth! Truth hurts I guess

@Ry-pn2hy

10 ай бұрын

Boomers have accrued more wealth than why other generation & still can’t afford there own lifestyle. My 70 year sales manager gets paid more than the salaries of my entire sales team combined, he’s been at the company for 3 months. I think as soon as boomers die & begin losing their jobs, you’ll notice the income drop for management positions & salary for the rest of the company to rise. I simply could not imagine paying myself as much as some of my bosses do, they don’t work harder than anyone else, I’m tired of bankrolling their ridiculous lifestyles.

@maxxomega6599

8 ай бұрын

@@Ry-pn2hy - Aww...tsk tsk...It's the "company" paying those rediculous salries. What, do you think that we should turn down money and say "Wait, those poor millenials deserve some of my money". Not likely...

I want that generation gone yeah

@206remyboyz7

Жыл бұрын

That would include the elderly in your life would it not?

@ashdobbs

Жыл бұрын

they wish the same for you

@maskassmario321

Жыл бұрын

@@ashdobbs except their wish is unrealistic while the boomers are already dying en masse every year.

Hey how about we actually build houses and divide property to suit/and be affordable in our economy instead of making stuff super expensive?

@damham5689

Жыл бұрын

Exactly. And stop building Mcmansions. Seriously, unless you have 6 kids or maybe relatives living with you, you don't need 3000 plus square feet homes.

@averagechickchronicles

Жыл бұрын

If only boomers would stop creating policies that disincentivize home development and building…

@AfroGirl5852

10 күн бұрын

That’s exactly what they don’t want can’t have us regular people getting out of debt!!!

Boomers worked so hard for that cheap money. Cheapest money in history.

@AfroGirl5852

10 күн бұрын

Exactly!!!

I work construction and it feels like their are a bunch of new neighborhoods but it's actually not enough most are bought before they are even made

@anneteller3128

9 ай бұрын

Yes, keep warning people. You are one of the only people on this thread who actually knows the truth. Since these investors own CBS too, the truth won't be coming from them. That's for sure. Where I live, investors have been placing large sums of money up front directly to the sellers making it impossible for individual home buyers of any age to complete. I saw the CBS report again today, 9/8/23 blaming boomers. Blame Vanguard and Blackrock. The globalists aren't too crazy about a large, prosperous, happy middle class, so they are trying to destroy the middle class and make us a nation of renters. We have a globalist and billionaire problem, not a boomer problem. Billionaires are way overrepresented in the Senate. We need to enforce the anti-trust (anti-monopoly) laws and update them. Last time we allowed oligarchs to run the world at the turn of the 19th to 20th century, we ended up in two world wars. And, this time is no different, we're headed for another world war. And guess who the globalists will send to fight that war, that's right the working and middles classes.

Millennials should fight against social security which is a program that mostly re-distributes wealth from the largely financially UNestablished youth and gives it to older MUCH more financially established older people, further fueling a generationally wealth gap.

@laurajane4806

Жыл бұрын

That's interesting, Boomers were told we were paying into it the entire 35 years it was taken directly from our gross pay every single paycheck. However, now they're saying that's not the case (funny how they're always changing the narrative). It never would have occurred to me to find a way to stop any of my grandmother's income that she had paid into for 35 years. Most people I know on SSA retirement are extremely poor.

@check25bid

Жыл бұрын

@@laurajane4806 that’s the propaganda that everyone who gets a social security check is some poor old person renting an apartment. The reality is most people who collect Social Security have more wealth, than the people who are paying into Social Security. And it’s not a financial account based program. The Social Security taxes collected are almost immediately distributed to current Social Security beneficiaries. So it’s a massive a generational transfer wealth.

@laurajane4806

Жыл бұрын

@@check25bid As stated, 'Everybody I know" on SSA is barely making it and I don't believe info presented the Gov. I get how it works, the Gov looks out for the wealthiest and the poorest of poor at the expense of everyone else. We're on a sinking ship while our current strategy is blame-shifting. It's seriously time for another Revolution

@check25bid

Жыл бұрын

@@laurajane4806 yea “everyone you know”. You responded to my comment. My comment has nothing to do with who you know. My comment is about the big picture not some people you know, and a lot of well off people also collect SS.

@laurajane4806

Жыл бұрын

@@check25bid What we have heya is a failya to communicate!! (lol) It's all good. You make good points and if you can find other people your age interested, maybe you guys can make a difference. Peace and Good Luck!! At least you have a passion and aren't riding the whiney victim train. Kudos!!

To hear the other two hosts say they and their friends don’t want to buy homes is asinine.

@619roca

11 ай бұрын

To eachs own, but in my opinion owning a home IS the American Dream.

You will own nothing and be happy

55+ communities everywhere .

Answer is yes

But a house is a hedge against extreme volatility in the markets. If you own and pay into it. You can get something back if you need to. Renting has no pay out at the end. It has no safety net. A mortgage does.

@kendallevans4079

Жыл бұрын

True. The more equity the better in bad times like 2008. If you have $500K in equity you can weather a big market dip and still not be under water.

@dearjohn8789

5 ай бұрын

Not always true. Buying a house in todays market is one of the worst financial decisions you can make.

@WakandaBabe

4 ай бұрын

@@dearjohn8789 Because people are paying inflated prices, foregoing inspections, etc. So yeah, buying a house like that is not wise.

HA! Love the downplaying of the real issues at hand.

@AfroGirl5852

10 күн бұрын

Exactly why I don’t watch the news it’s just fake on top of fake!!!

The massive extent of regulations and ordinances that have been enacted basically are.

Homes are necessity not commodity. If i use something for 30 years then expect more than i paid in return? That not how things work. You wouldn't do it with cars or anything else. Its used you get less.

@HotrodDan

Жыл бұрын

Housing is a necessity. Owning a home is not.

They've been since 2000s, starting with younger Gen X'ers. If you look at 40+years of regulation, redlining, and more, you find there are the reason why America is in the situation today. Join groups like CA YIMBY or YIMBY Action to help upzone rich-resourced areas (e.g. duplex, triplex upzone examples...not skyscrapers lol)

@map3384

11 ай бұрын

My parents (silent generation) bought their high ranch in the suburbs of NYC in 1980 for $79k. Their salaries were $40k a piece and mortgage $800 a month. They sold it in 1992 for $260k. As an Xer even back then I couldn’t afford to live in the modest neighborhood I grew up in. Today that house is over $600k with taxes at $17k. I moved out of New York and never looked back.

@anneteller3128

9 ай бұрын

Don't know what's happening in your neck of the woods, but where I live the investors are to blame. They have been placing large sums of money up front directly to the sellers making it impossible for individual home buyers of any age to complete. I saw the CBS report again today, 9/8/23 blaming boomers. Blame Vanguard and Blackrock. Oh, that's right, they own CBS too. So, the truth won't be coming from CBS about this for certain. The globalists aren't too crazy about a large, prosperous, happy middle class, so they are trying to destroy the middle class and make us a nation of renters. If you don't believe me that it's the investors, ask real estate agents. The investors are going around them straight to the home sellers and offering big down payments up front. We have a globalist and billionaire problem, not a boomer problem. Billionaires are way overrepresented in the Senate. We need to enforce the anti-trust (anti-monopoly) laws and update them. Last time we allowed oligarchs to run the world at the turn of the 19th to 20th century, we ended up in two world wars. And, this time is no different, we're headed for another world war. And guess who the globalists will send to fight that war, that's right the working and middles classes.

Boomers also have large net worth than millenials since they have saving and investing for years. You can't beat a guy who is in his 60's or 70's that has been saving and investing for over 50 years compared to a millenial who has only been in the workforce for 10 years.

More than 53% of Boomers have less than $250,000 in retirement assets and will have to “rely primarily on Social Security as their source of income.

I wish that in United States use same home styles from modern house style from Japanese.

they are behind restrictive zoning laws

black rock and vanguard too

3:05 he throws in the "not black people" zinger. I didn't even realize he was black until then. I do not see color

I live in New Hampshire and in my area the cost of buying the same home with a mortgage now versus 2019 has quadrupled.. The pandemic was the greatest well transfer in human history it all went to the owners of assets like stocks businesses and real estate which Boomer is on the vast majority of all of those and they were already very wealthy before on average.

Owning a home may no longer be the American Dream, but it is still the best investment most people can make…

@maxxomega6599

8 ай бұрын

My American dream is living in a neighborhood where people speak English and haven't brought their race wars from some far away country. Like my friends area where there is a house full of Serbs on one side and Croats right across the street. They both hate each other and brought their feuds along with them. Culminating with gun fire at each other on Friday night when they all got liquored up and started shooting....and other people living here for 35 years and the old people STILL can't speak any English at all...

@Musebandiscool

6 ай бұрын

​@@maxxomega6599 I feel like it's racists who promote that. Instead of letting in hispanics and such who speak English well and want to assimilate. They prefer to bring European refugees it seems...

But y’all HAD to wear your masks to protect them…..

Yes

As I read the comments, I can see the lack of research or the need to be able to understand what they research. Of course, the fact that celebrities make fortunes, buy many homes, retreats, is not an issue. The fact they spread their wealth out to areas never touched before like Sedona and Prescott, AZ purchasing land and homes for millions in an area where 100,000 would have been used as a purchase price, the fact that companies now build homes, apartments for the average non-baby boomer to live in, nor do they consider the fact that millions of illegals come here in need of housing. As far as fixing the economy, where has it been repaired? Higher prices, weakening supplies, the wealthier getting wealthier as well as our own elected officials getting wealthy from insider trading have ever been considered? How about the government spending that is occurring today but has nothing to do with running the government like infrastructure bills for unions, and large corporations? Or what about this spending causing the government to print more money, doesn't that increase inflation? Everyone better give this more thought

This guy is so wrong!! The foundation of wealth is owning a home. He is so off 😂😂😂

Curious where Gen X factors in. No one ever talks about Gen X. It always seems to go from Boomer to Millennials. I suppose the gap allows for better contrast and analysis…

@Syzygy77

3 ай бұрын

They were better off than millennials comparatively but not as well off as boomers when they were the same age.

yes

Wouldn’t be the first time

Yes.

He said not black people!!! What is he thinking? Shesss

@Niic208

11 ай бұрын

He's saying white boomers were privileged...which he's right

I hope houses prices keep going higher lol

I think all the houses burned down in California and Colorado the BB had cash from insurance to buy homes. Also many BB were retiring and so many bought their retirement homes mostly in the south. How many BB SOLD or lost their homes to fires at this time prior to buying?

Why are they interviewing a high school kid for.... What? Reporter, but... What? Senior real estate reporter... You mean senior in high... um.. no.... I am getting old.... (Yes, I said, getting... shut up!! And get off my lawn!!)

Now, the world don't move to the beat of just one drum, What might be right for you, may not be right for some. A man is born, he's a man of means. Then along come two, they got nothing but their jeans. It takes Diff'rent Strokes to move the world. Everybody's got a special kind of story; Everybody finds a way to shine. It don't matter that you got not alot. So what? They'll have theirs, you'll have yours, and I'll have mine. And together we'll be fine! 'Cuz it takes Diff'rent Strokes to move the world,

Greed

A Boomer sells their house then they buy another most likely to downsize. Nobody lives forever.

@ashdobbs

Жыл бұрын

including you. the difference is that they will have the experience of home ownership.

@map3384

11 ай бұрын

The majority of Boomers will be gone by 2032.

@maxxomega6599

8 ай бұрын

We had no kids, and basically not much family left. I can promise that NO family member is getting any of our estate nor is any millenial getting our house...

I feel sorry for people trying to buy a home now. The average American is now spending 800 dollars more a month on their mortgage compared to two years ago. Biden did this 100%

@ashdobbs

Жыл бұрын

not me. I refinanced at 2.65%. my mortgage is $1100 per month, a comp home in my area rents for over $3000. I have $500k equity and if housing prices drop I'll buy another. I don't know what everyone is complain about.

@socialenigma4476

Жыл бұрын

Not Biden, and not Trump either. This is bigger than any one man. Capitalism did this...

@kendallevans4079

Жыл бұрын

@@ashdobbs I'm in your boat too....I refied during covid, got a rate like yours and have about the same equity as you, I get tons of junk mail asking me to refi and grab that money but i won't. My mortgage is below what a 2 bed apt rents for! Only pesky thing is that HOA....

@kendallevans4079

Жыл бұрын

@@socialenigma4476 EXACTLY!! Why can't people see that?? Yet they melt in admiration for Musk/Bezos/Gates/Buffet...???

@ScrotoTBaggins

Жыл бұрын

BiDeN dId ThIs 🤡

I don't know how people born between 1945 and 1960 are buying 'more' houses. They might trade the family home for a smaller house, they might buy a vacation home in a place far from the city, but more likely, they are just dying and leaving their house to their adult children.

Im a Boomer and l have zero $$ and lm not worried..

If so, it is the market. Boomers can afford more than millennials! So we price millennials out, in many cases. Do we believe in capitalism, or do we not? I must say I have mixed feelings. I would willingly trade some affluence (of myself) in exchange for more economic equality and security for all of us.

@jflsdknf

8 ай бұрын

Yeah, capitalism blows and has failed us all. It's past time we move on from it. But socialism is not the answer either.

@tylerriojas6250

6 ай бұрын

​@@jflsdknfresourced based economy is the next step. RBE for short. Ask AI it will tell you same thing. It's been discussed since before we were born

@dearjohn8789

5 ай бұрын

Your “capitalism” was fueled by years of social safety nets your generation built wealth from in your youth and slowly eroded as your generation got older.

Privacy has a price!

David 📥📥✉️TH😮

Ruiopp✉️📬👋

Yes…..baby boomers do have money. Not all are poor. Why because we learned what we need vs what we want. Secondly, baby boomers are helping their kids get into a house. Helping with a down payment, etc. the kid, gets his inheritance while the boomer is alive, etc.

@Niic208

11 ай бұрын

No they ain't dock

@jflsdknf

8 ай бұрын

You're helping with a down payment like that's the answer to the problem and millennials will be fine after that. Typical boomer outdated and out of touch mentality, just like you "helped us" get a degree. Newsflash life is not so simple anymore, degrees are close to worthless and you need a heck of a lot more than a down payment to be secure financially owning a home.

Actually a millennial bought my house about a month ago. I'm a Boomer.

@youwontlikemysteeze2945

Жыл бұрын

oh…I guess that makes this report moot.

@tommanley2924

Жыл бұрын

@@youwontlikemysteeze2945 Yes it's more fake news, pushing an agenda. The same BS they push in UK.

@mgaus

Жыл бұрын

Akkshooullee Anecdotal evidence means diddly squat

@philtaylor1497

Жыл бұрын

i bet you have a friend whos black too right?

@tommanley2924

Жыл бұрын

@@philtaylor1497 Yes I do, all my life BTW and you?

Not black people😂

Boomers? No, over spending by millennials, banks, insurance companies, politicians are also to blame to name a few.

@jflsdknf

8 ай бұрын

Boomer

@tylerriojas6250

6 ай бұрын

Politicians are all boomers lol. Millennial did not over spend? On what exactly? Just a boomer trying to control ( if you would have purchased things like I did!) Boomers work with the banks to get themselves a second home or RV? No matter how you cut it, it's that selfish generation. The time has come to take audit on your performance and it's mostly selfishness. Most of you should have the title of parents revoked.

@Syzygy77

3 ай бұрын

Overspending by millennials? Overspending on what, exactly? You know millennials hold only 4% of all the wealth in this country, right? and it’s not like we’re even close to being the highest income brackets on average and not no near to what boomers and gen X was making when they were our age. so where is all the excess money we’re overspending? And if you say we’re overspending our time, I would also disagree.

I have 4 children born in the 80s and 90s and all 4 of them own their own home

@atweber

Жыл бұрын

Good for them you probably live in Kansas

@ExcelHedge

Жыл бұрын

Let me guess, their all White and were raised on the High End of the Middle Class. Bet your Husband bought them all thier first cars too.

@WhoFramedMSG

Жыл бұрын

Anecdotal evidence surpasses all data...duh 🙄

@boballende

Жыл бұрын

Joann Peterson

@Intranetusa

Жыл бұрын

The median salary in my county is 11x the median price of houses in my county ($50,000 vs $550,000). Even for folks who live in a dual income household, houses are unaffordable for a lot of them. Prices are out of control unless you live in a low cost of living area while also having a decent income.

A part of me wants to tell people who don’t want to buy homes to remember that when their rent prices increases. Nothing is without effect and homeowners have their issues as well, but the goal for most homeowners is to get to a point where I don’t have any monthly bill. Pay my taxes & maintenance and keep it pushing. I am 4 years away from that dream being realized.

LOL....When boomers were the same age as millennials we were out bid in the housing market as well, that's what we called life, now they will want it a crime....Our country is in deep trouble.

@laurajane4806

Жыл бұрын

When Boomers (born 1946-1964) were the same age as millennials (born 1981-1996), the year range would be: 1973-1996. During that time millennials were between the ages of not yet conceived and 15.

@tommanley2924

Жыл бұрын

@@laurajane4806 U figured this out all by yourself I bet....LOL

@laurajane4806

Жыл бұрын

@@tommanley2924 Pretty much - Any time the residual of common core gets ya down, I can help.

@tommanley2924

Жыл бұрын

@@laurajane4806 LOL...I'm sure you can do wonders with my person Laura....I'm game kid, what say you?

@laurajane4806

Жыл бұрын

@@tommanley2924 I suppose your "person" deserves an old-fashioned stock answer, "It depends!"

Stop blaming everything on the boomers. A millennial bought my house last July. Life is a tough environment for everybody.

@mgaus

Жыл бұрын

Oh not even close to everything is blamed on boomers. Just the things for which they're accountable

@boballende

Жыл бұрын

Are you kidding? Young people should have nothing but contempt for baby boomers and the older generations. - We plainly made college too expensive; there are no real careers; no labor protection; no job security; no affordable housing; no republic; no real democracy; no real due process; no fair legal system; no real effective government oversights; we have weak human rights; we keep hiring psychopaths and sociopaths to run corporations and government; we let stupid people buy houses and cars that they could not afford which jacked up the prices for everyone; we let corporations sell us out to flaky countries like China and Saudi Arabia. - Baby boomers knew or should have known that corporations and governments were bleeding our resources and we didn't have the strength of character or the integrity to stop them. As a baby boomer, I can say that the red flags were there. We were just too selfish and stupid to stop it.

@Pearly7

Жыл бұрын

The media is blaming you guys😂. The reality is, it’s the democrats fault. They kept raising and raising interest rates, and now homes are even more unaffordable for the typical buyer. On top of that, democrats made so much regulation that the supply can’t keep up with the demand, which makes homes skyrocket. Then, democrats allow foreign investors which also increases housing costs. The media takes advantage of people not understanding how the housing market works and it looks like they want to put all the blame on boomers instead of biden

@Pearly7

Жыл бұрын

@@SigFigNewton you’re right about your facts. It is undeniable that boomers had a lot handed to them. My parents are boomers. They had so much equity throughout the years. One home got the 150k, another home got them 75k, another one got them 130k. That was from the early 90’s to the mid 2000’s. In 08 they lost most of their gains with the housing crash though and they severely mismanaged their money and are now broke. I wish I had all the opportunity they had!

@Pearly7

Жыл бұрын

@@SigFigNewton completely agree. Well said too

The baby boom generation will continue to buy real estate. Millennials over time will be just fine. The mindset and goal of the 80's and 90s babies will be not to just buy real estate buy hold on to it. Real Estate is great at generating and creating wealth.

@cosmeticscameo8277

Жыл бұрын

not really... millennials are between 28-42 years old now...they're past prime family formation and first time home purchasing age...