9 months ago1 point(+0/-0/+1Score on mirror)1 child
I don't know about that. I can clearly see how things are different from when I was a kid; I think most Millenials can.
For Boomers in particular, their lives *haven't* changed. They got wealthy by going to school, saved and bought a house, and now that house has made them millionaires. They don't feel the downturn because they're insulated from it.
My dad is somewhat aware of how things have changed, my 70 year old mother has no idea. I bought my house last year for 300k. It's a nice house, but it would have been 180k in 2015. I went thru bidding wars with other buyers for months.
One day I'm telling my mom about what the housing market is like right now. She gave me some insight into what year she thought it was with her remarks. She said stupid things like offering 40k less because you could just do that in the 90's. And then thinking people have enough buying power to demand that owners fix things in the house before it's sold. It's not that market anymore.
For Boomers in particular, their lives *haven't* changed. They got wealthy by going to school, saved and bought a house, and now that house has made them millionaires. They don't feel the downturn because they're insulated from it.
One day I'm telling my mom about what the housing market is like right now. She gave me some insight into what year she thought it was with her remarks. She said stupid things like offering 40k less because you could just do that in the 90's. And then thinking people have enough buying power to demand that owners fix things in the house before it's sold. It's not that market anymore.