Boomers, Generational Wealth, and Inequality

And how do you think subsequent generations feel about yours for the extraordinary boom in house prices, caused mainly by your generation buying property not only to live in but also as investments, that’s made house ownership impossible for many of them?

What is my culpability in that? Be specific. And, uh, just what percentage of the investment property market do you think is owned by gen X or millenials?

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It should be quite clear that we are discussing generations, not individuals. If you want to make me personalise this you’ll have to do better than that. :smiley:

It’s this misconfusion miscommunication with my dad that’s the main reason I can’t speak politics with him, I also think it’s one of the main reasons I do well here in that I never take things personally.

Sorry didn’t mean to interrupt, and didn’t mean anything else here with this post, it’s just that I had a bad day last weekend trying to explain the UBI proposals that are getting some traction.

I’m going to stop taking politics with him going forward because he’s in his 70’s still quite able though, but time is short.

:v:

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Let’s go to the tape:

You’re the one who made it about people in this forum instead of millenials or gen X in the abstract, not me.

Ever have a conversation with an American and realize that they just don’t get something basic about where you live? That’s what is happening now. You just don’t have the base understanding of America that wookie does.

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Millennials, notorious for buying up all the houses.

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Another bad faith argument.

Plenty of Gen X over mortgaged themselves to buy bigger houses than they needed, or multiple houses as buy to let, here anyway.

There’s a lot of denial around, as well as projection.

It’s not bad faith.

And this is not unethical.

Differences in degree matter:

If you want to talk about bad faith, bad faith is claiming based on nothing but your own imagination that people in this forum would have acted and voted exactly like boomers to secure and increase their own wealth at the expense of people who come after them rather than taking them at their word that they hate this behavior and find it unethical.

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Yeah, you’re the guy who says we’re spending thousands of dollars for a dinner.

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Even Trump fucking took it, wants credit for it, and won’t actually promote it.

Now he’s Trump, so he’s a special case of WTF. But I’m sure that there are plenty of boomers who will quietly get it while still being outwardly covid-is-a-hoax-bill-gates-microchip-something-something-antivaxers.

If someone calls them on it, then it’s “Well I didn’t want to get it, but they wouldn’t let me on the cruise ship”.

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The problem there is the (boomer written if we want to make it about generations) tax code. Buy to let interest is deductible, interest on your residence isn’t. Your government has made landlording too profitable for the good of your society. Blaming people for making rational decisions is dumb.

No, based on their actions while the world has been plunging into an ever greater multidimensional crisis that most are well aware of, the generations that followed boomers have absolutely no right to claim the moral high ground.

Boomers were guilty of plenty but competing with each other for bigger houses and buy to lets that they dont need while millions live on the streets is one thing you can’t accuse boomers of. That’s your generation. Own it instead of deflecting blame onto a fashionable scapegoat for all of the worlds problems.

My argument, to reiterate it, is that every generation is full of the same sucky people who’d behave in very similar ways to other generations in their shoes, and therefore demonising particular generations is not only pointless it’s also pretty stupid because it’s not the individuals as much as the system that’s at fault, and it’s a telltale sign that someone has conservative values when they don’t agree or don’t want to admit this.

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It’s the giveaway that he’s trolling wookie. I didn’t follow the thread and don’t know how much it cost, but I think wookie did a TR on the French Laundry or some place like that.

My generation (x I guess) is quite often quite desperate to buy every bit as much house as they can. It’s hard to resist. The importance people attach to homes and good neighborhoods is hard to overstate.

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Exactly who in the fuck do you think has most of the money and nearly all of the political power in this country?

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Right. Not enough lolz in the world when it comes to impugning millenials and gen X for the current ills of society when we have vastly less wealth and political power.

My generation is absolutely not guilty of buying up investment property. Tragically few of us even own a first house.

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A once-in-a-lifetime trip to a Michelin restaurant for someone who’s an enthusiastic home chef is why Jal is being a moralizing ass here? Just imagine I’m posting a gif of someone doing jackoff hand motions here.

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I mean, he’s just throwing shit at his forum enemies to cast them as hypocrites using whatever he thinks is ammunition. It’s not like it was a well reasoned point. It’s just shit to fling.

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Lol gtf outta here with comparing me to your typical deplorable boomer for buying a house for my family and saving for retirement.

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