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Everybody is responsible for their own life, don’t expect hand-outs.
Yes that completely explains the volatile housing market, predatory mortgage loans, and hedge fund competition that has barred the gates of home ownership for some time in one simple statement. Bravo sir, your wit is unmatched.
It does actually.
If people didn’t pass over huge fortunes to their kids, and everyone had to start from scratch, then the housing market would be a lot more equal
Ever heard of homeloans?
You would only end up with more people in debt, not cheaper houses.
Prices adjust to what people can afford. When you have people who can pay whatever you are asking, prices go up.
Same goes with loans. In fact, you some times you can’t even get a loan for an affordable house if it is in a location where the bank feels is hard to sell
Prices adjust to what people can afford
Ehhhhh only to what it can be reliably sold for, not to what most people can afford. If 10% of people are multimillionaires (and they are in the US) but 40% of people don’t even have $500 to their name (also is the case in the US) you can absolutely continue to see a housing market that is in part just passing wealth around that top 15%, especially if they can turn around and rent the investment properties to the bottom 50% to make even more money
Now, things do get really interesting when the wealthy aren’t interested in the property in a given area, and the market flips from ponzi scheme to actually being houses that people can realistically afford and do live in. Of course such places also tend to be on the knife edge of also being mortgage deserts because they tend to be very small towns with dwindling populations
Prices adjust to what people can afford.
What were you born in 2009? Prices have been outrageously detached from reasonable interpretations of “affordability” for ages and banks are more than happy to collect interest for the rest of your life.
This is because some people still can afford to pay outrageous prices or willing (forced) to go into unreasonable debt.
Yeah, those damn people who refuse to be homeless are ruining it for everyone
Let’s play this out. Inheritance is illegal and you’re hyping up a self-regulating market so I’m assuming you think their assets should be sold mandatorily rather than seized by the state for redistribution (unclear what happens with liquid assets in this situation but you didn’t give much to work on). So instead of passing huge fortunes to their kids their assets are instead acquired by whoever is willing invest the most capital. They get an extra house that they can then rent out to collect passive income from someone “starting from scratch”, someone who cannot possibly out-gain the person who owns property. Eventually the landlord (more of a land baron at this point) will die and their various holdings will be scooped up by smaller landlords (but never by young families) thus perpetuating a new fun cycle of oligarchs in a system that rewards the fastest people to abandon all morals in favor of personal gain, and there’s no incentive for selflessness because you can’t leave anything behind anyway. Pure personal gain and consumption.
Not necessarily
You assume that there is wealth and that it should be regulated
It’s more of a cultural thing, where people actually use their wealth while they can and when they can’t, they pass it over to a charity of their choosing.
This at least is very common here
If there’s no wealth then there’s no “housing market”, going full classless-stateless-moneyless socialism is such a huge departure from the current state of things it doesn’t make sense to even have this conversation about it. (And giving to charity is all well and good but I generally consider charity to be addressing a failure of society and as long as we’re in fantasy land there should be no need for charitable giving)
Also: weaseling out of addressing any of the holes in your position by changing the subject instead of explaining any detail about your stance is weak.
Sorry. I meant accumulated wealth. English is my second language
My point is not political. It’s more social. Spend your money while you’re living instead of hoarding it
Politics and society are not and cannot be separated.
No social security or support for old people, you say?
Shut the fuck up Boomer.
On the contrary, expect hand-outs when they’re the industry standard and be offended when you become the exception.
Neither of my parents have any kind of savings at all, they basically only ever made enough to get by. My mom gets a very meager stipend from being a teacher. They both retired this past year and are drawing social security. It’s already really tight for them. I know when they get older I’m gonna have to sell their houses to make sure they have enough money to live on and the medical care they deserve. No idea where they will live at that point. Isn’t America great? Work hard your whole life to struggle to make it when you’re too old to work…
I’m in the process of doing this for my teacher mother with dementia. It’s a fucking nightmare.
I live with my parent, Iv not had much luck in life job wise so I work min wage job and help my parents so they never end up in a home. Thankfully my girlfriend understand why I’m doing this so I don’t have to stress about that.
Will have to do the same in a couple of years. Both parents are retired but my dad got cancer about 10 years before his retirement, so he basically didn’t have an income during that time. They are now unable to move since they are both too old, so it’s going to be me and my brother handling that when the time comes.
Rather than setting up a reliable inheritance structure, my Silent Gen parents set my brother and me up as joint tenants. The reason, they told me, was “to make it hard to sell the house.” Well, my stepdad left the place a hoarder mess worthy of reality TV, and we still had very little trouble getting a decent chunk of change.
Genx here. Expect nothing and they can’t disappoint
Expected nothing, got left with debt.
Now I’m in the minus.
Debt generally isn’t something you can inheret, what happened ?
Debt generally isn’t something…
In the US. There are plenty of places where it is standard within the law. There are many more places where it happens outside of the law too.
I’m not in the US. There are plenty of places where it is not standard within the law, but i did state “generally” to cover all bases
Tl:dr: don’t trip over your dick trying to play the “assumptive american” card when it wasn’t called for.
Then why bring it up in the first place?
Just to be a contrarian? To say something without any point?
Tldr: You can’t trip over your own dick if it is so small you have to caveat your disagreements with “generally”.
Edit: you know what, I’m sorry. You are right. It was presumptuous of me to accuse you of being American, and I reacted badly to your challenge. I got defensive and nasty. Rather than delete things, I’m keeping this here to show why I’m sorry. Genuinely.
I’ll be honest, you’re looking for excuses to pick fights now. And not even decent ones.
Then why bring it up in the first place?
I asked a friendly question. You responded irrationally. And now you’re again trying to slam me by…slagging off my penis size? Mate, i’m a cisfemale, you have fuck all luck there lol
Everything ive read about in the states would indicate that unless you consigned or agreed to something, that debt is not yours. The problem is it doesnt stop the debtors from lying to people, and once you engage or make a payment, you do accept responsibility, as fucked as that is.
for about ten years I been saying, have no expectations and you cant be dissapointed.
It works more or less
Now this hits too close to home!
We really gotta implement a land value tax.
An important thing to consider if we have any chance at shifting the trajectory of shelter insecurity (abolishing property would be better but we can do taxes way more easily). One thing I’d be worried about is any elderly people who wouldn’t be able to afford to pay the property tax to live in their own home. This happens all the time already, and god knows most of them don’t live in a place where property tax raises proportionately to the land value, and we should consider why that’s a problem.
The elderly are already in a massive blindspot in popular pro-socialized healthcare discourses, and even “developed” healthcare systems struggle to find support and housing for people as they age. If we start using these sorts of indirect eviction tactics as a means of transferring wealth to the younger middle class via affordable property ownership, many of those people will straight up be displaced into deadly living conditions. I can imagine how this sort of system would make us more vulnerable to the state as we ourselves aged.
Policies like these could easily be used to divert attention from other socialized programs and services that could be improved in a way that generates greater material security more generally, but whose effects would be less immediately apparent to the kinds of people who could even afford an inexpensive house.
I agree that the elderly are often overlooked in this discussion since so much of the housing discourse revolves around boomers that own property and outright dismissing the fact that a large contingent of them are rolling right into infirmity with just about no retirement.
I think nursing homes are going to have to function differently in the coming years to accommodate this, and it’s not going to be easy. Breaking apart the current health"care" bureaucracy will free up a lot of medical staff to practice actual medicine rather than just push insurance paperwork, but the lack of people overall will require leveraging of technology to fill the gap. Technology that is currently being used to burn up our aging infrastructure for the benefit of the Epstein class.
The next few years are going to be filled with grueling work just to ensure we don’t have collapse of social order.
Add the tax but use some of the money to build a shit ton of government housing like the UK did after WWII. Their housing problems only started after they stopped building subsidized housing and started relying on the market (lots of other factors, too, but there is a strong correlation on the timing here).
Yes, that is what I’m saying. When I say that this idea of a property tax that is oriented toward increased property value exclusively runs the risk of satisfying more affluent young middle-class people who are really just expressing aggrieved entitlement to the way of life that their parents and grandparents enjoyed.
A common liberal tactic to disarm broader wealth distribution and social welfare movements is to satiate an element of their criticisms for a substantially powerful group within that movement. Think about how the New Deal disproportionately benefitted white labourers and effectively dissuaded broader socialist and anticapitalist sentiments that had grown in the previous decades, or how queer marriage rights afforded security to property-owning gay men who are now the most conservative-voting queer demographic.
That there is such a risk of victimizing vulnerable elderly people, a group that has BTW been increasingly devalued since COVID started, means that if this policy satisfies enough voters specifically – which is to say suburbanites – it could effectively disarm the accompanying reforms that recognize the interlinked issues of shelter unaffordability and insecurity, healthcare services, education, and food insecurity while simultaneously normalizing policies that disproportionately harm specific groups. Programs exactly like what you referenced here were eroded by those same means, and the luxury of suburban home ownership itself was an immenseley effective tactic in disarming labour unions in the mid-twentieth-century US.
Hence why being able to bankrupt two casinos is quite the achievement.
3 casinos actually and either 5 or 6 bankruptcies between them.
People expect an inheritance? I ain’t getting shit, I’m not going to feel bad for someone who has been counting on someone to just hand them something.
I’m an only child. My parents are in their late 60s. When they sell their lakefront house they’ll make over $2 million. They have a will that says I get pretty much everything, with certain assets that go to my cousins (We’re a rather small family overall).
Unless something catastrophic happens, I’m not seeing that any time soon. They’re both very healthy people. But they helped my partner and I move across the country and buy a homestead a number of years ago.
While I am not expecting a substantial amount of money being transferred into my bank account, they’re helping in other ways.
It probably helps that I don’t live in the USA where if anything medical did happen they’d be sucked dry. And I thank God every day for that.
Shit, my married partner and I are working on getting them (my partner) gender affirming surgeries set up, which both surgeries are 100% covered by our provincial healthcare. It’ll cost us gas money and that’s it. Maybe private parking for like $20 or something.
My wife’s grandmother owned 3 houses and over a million in savings from some good stock market investments. She worked at Costco for like 30 years. Her two children are really shitty trashy people and were fighting over the inheritance.
When grandmother said she plans to give money to her grandchildren (my wife and my wife’s sister), there was a lot of resentment. My wife said, “We don’t want it. Spend the money on your retirement.” And she’s out living her life on a cruise.
I’ll be expecting an inheritance some day, but I will refuse it. I grew up with strict parents. Don’t get me wrong, they’re not bad, they’re just idiots and were strict for the sake of being strict. At least they expressed regret at how they have parented my siblings and I.
Although I appreciate providing us with material security, they did not let us be ourselves and to stand on our own two feet. I developed a psychological response not to accept anything from them that I might deem substantial on a silver platter as an act of rebellion. I even refused their attempts to match me up with any girls they considered. It is for me claiming my own agency, which includes refusing their inheritance. Besides, I have started investing and live within my means. So, I am confident that I could build my own proverbial nest on my own.
Not expect necessarily but it’s not crazy to think that a couple who made a relatively easy financial decision 30+ years ago would want their kid to benefit in the current climate when the world is much worse.
Sure but to just expect and be counting on a windfall as the potential recipient is setting yourself up for disappointment.
My dad is 60 now and always said he’d leave some money for my siblings and I. Luckily he also simultaneously raised us to not rely on other people and to plan your life as best you can. He developed dementia and needs to be under 24/7 care. It costs $8,000 a month. At this rate he’ll more than likely have enough to cover his care costs until he passes and I’m thankful as fuck everyday he has that money. I don’t give a fuck if I see one cent just as long as he has enough for himself. I’ve never let myself think it was ever going to be mine.
My mom and dad got Long Term Care Insurance a long time ago. My dad passed away before he could collect on it, but my mom is currently getting around $13,000 a month from it and this goes up by 5% per year, so she can afford to live pretty much wherever she wants for the rest of her life. Naturally enough, insurance companies do not offer this kind of policy any more.
You’re a good kid. I’ve seen some people get really pissed off about losing “their money” like that and forcing the person to live with them or avoiding caring for them to save the money until they pass so they still get “their inheritance”.
My dad is 65, and told me when I was 17 (when he had millions of dollars) “I can’t take it with me and ain’t leaving it to you.”
My dad is the ultimate boomer, has had everything handed to him and he got ahead in life by help, from parents, wife’s, and mother and laws. But acts like he did it all on his own. Also he the type that gets pissed if his children get ahead of him in life or don’t rely on him. Like my brother has done. He has zero friends and cares little of other people unless they are doing something for him. He also loves that we are destroying the planet (yes he believes in climate change) he rational that by saying he wants the world to end when he dies. Totally doesn’t want to leave nothing to future generations. Trump same way, why my father likes him.
I refused offers to emigrate years ago, the people trying to sell me the idea think I’m better off there… use my brains for the money.
Now, looking at what’s going on, I think my hunches were right, but nonetheless each day I watch the horror continuing to unfold in America.
You couldn’t pay me enough money to ever move to the USA.
A lot of people thought the USA has just descended into fascism. No, it hasn’t, it’s been fascist for a while. We were just nicer to white people for a while longer.
Don’t worry. The insurance companies and doctors will get the rest anyways. We have a whole system of parasites to make sure that no generational wealth gets passed along.
Very true. You have to spend down in order for Medicaid to pay everything.
More like the nursing homes.
I’m a huge fan of not passing along any substantial generational wealth. Above certain threshold - I’ll give it 15 times of country’s median annual income - it only serves to accumulate wealth.
I was interested to see how the numbers would play out for this idea
According to https://worldpopulationreview.com/state-rankings/median-household-income-by-state the median household income for a single person is $41,382 in the United States. 15 times that would be $620,730
According to https://wealthvieu.com/average-inheritance/#average-and-median-inheritance 92% of inheritances would be well underneath this amount
Assuming that your limit was meant to apply to individual recipients and not to the entire estate, this seems like a pretty modest proposal to me.
I’m sorry but biting into that particular number was rather counterproductive, as it was arbitrary - make it 50 if you care, but my point still stands. Armed elite’s successors are the armed elite still, but we can counter that. It would still leave them with funds to afford some very comfortable living, just no longer enough to terrorize the world.
I’m sorry if it came off that way, but I was not trying to be critical of your idea at all - I was trying to see how many people would be impacted, and I think you could easily get away with limiting the amount of inheritance even further.
I think being a worker gives a person perspective that is critical to their development, and no one should inherit or be given enough money that they never have to do any work in their life.
Not only does unrestricted inheritance directly cause the development of a disconnected wealthy class, but it’s also bad for the people who inherit too much.
Not acculumating generational wealth is only viable in a world where social services provide for everyone.
Very much agreed, but still - no hard limits in terms of heritage only supports a class of parasitic elite.
It’s hospitals not doctors. Doctors get all that money only when they run their own private practice, and life support rooms are all in big hospitals, so the money is distributed between insurance and hospital management, and doctors get paid like all other skilled workers, and probably less than scuba diving welders.
My observation is that doctors are getting squeezed, other staff moreso. They’re getting pushed harder and harder for more and more productivity out of them.
A doctor in my family quit and retired early because (basically) their group got more corporate and burned him out. I heard of a dentist who quit over ethics issues once their group was acquired by private equity.
Not that they aren’t well off, but I’d be careful blaming working professionals like doctors, engineers and such so much.
The doctors aren’t the direct problem, just complicit in the evil money scam that is American healthcare.
Sure they aren’t directly to blame, but so long as they “just do their jobs” they are knowingly and willfully complicit and need to be held accountable as such.
A dentist that does non-necessary procedures, like filing cabinets or pre-emptive fillings, causes harm.
A doctor that delays or prevents life-saving procedures because insurance tells them to causes death.
An engineer who doesn’t question “why does this licence plate reader need to have facial recognition?” causes fascism.
A dentist that does non-necessary procedures, like filing cabinets or pre-emptive fillings, causes harm.
I agree. I’ll do my own filing cabinets and he can stick to dentistry.
What you describe is exactly why the dentist got fired once a VC bought out the region, and partly why the doctor burned out.
They are questioning.
And why they are no longer professionals and how you know the ones that are still working are not questioning.
Yeah, my parents told me once that when my grandparents pass away there was a nice chunk of money that would be coming. I never planned around it or anything. Some time after they passed I was a little curious about it and asked what happened, that was pretty much what they said, that it probably had all been used up by hospital and nursing home bills. End of life care is the last chance to suck up that dough, I guess.
Not a day goes by where I thank whatever creator out there that I wasn’t born in the USA.
We in the USA have a pretty good standard of living, but holy fuck the government is unwilling to pass any consumer protections. Just let the corps fuck us because they’re the ones making political donations.
I live in Canada and we have pretty good standards of living here. Up to and including not going financially bankrupt if we get sick or injured.
My partner broke their leg last year. Between the 6-8 hospital visits, xrays, two casts, and an air boot, we paid a grand total of around $120. Less than $20 for paid parking (I’m lazy and it was like $2 a day) and $100 for the boot of which I got $85 from my work insurance. Everything else was completely covered by our provincial care.
We’re about to have our second child. I’m dreading finding out what we’re gonna pay.
I absolutely hate that for you…
I would thunk a good portion of you have a good standard of living but quite possibly a majority basically live in 3rd world poverty conditions and constant debt, stress, and exposure to violence.
There’s just enough Americans living in decent to good conditions to make it look like the American dream is alive, since the cameras don’t focus on the less fortunate.
The US government used to pass consumer protections, worker protections, environmental protections, etc. to the point of being a leader in many ways for other parts of the world.
And then Reagan happened.
Yup, but Reagan just opened the gates. Several other presidents have followed his lead.
Ugh, lucky. My friend is even getting Canadian citizenship now thanks to a recent law change there and his grandmother being a Canadian citizen.
I welcome them to my wonderful country and I hope they have a wonderful life here!
Marry me, PhoenixDog, so I can into Canada
My partner and I (we’re poly) literally have an an agreement that if we ever divorce, it’s to marry someone else to help them move here.
Well I just called dibs, so… And Lemmy comments are legally binding, of course.
My mom got money from her grandparents, almost half a mil. She told her own mother to just spend it all now (&on her) because they could file title 9 anyway, so mine as well enjoy it.
I too never planned on getting anything anyway. They hate all us children its bizarre.
File title 9? How does sex discrimination feature into this?
The parents job of providing is up until either 18 or 21 if college is involved, get your own house after that entitled little fucks 😅
Maybe in traditional american culture. The rest of the world cares about the family at every stage.
Guess you’ll not have any housing anymore this isn’t owned by a landlord. Hope your swept up in any fallout from your failure of a country.
“And that’s why dad went into the cheap retirement home and doesn’t live with us.”
So glad I never wanted family in this clown world.
Here’s how this is actually gonna work, at a broad social scale:
With some rare exceptions, the Boomers will sell their homes to pay for medical expenses, and die alone, in either old folks homes, hospitals, or much smaller homes/apartments, or if they’re very lucky, homeless or in a concentration camp for the homeless.
They’ll have to sell their homes because private equity/credit is imploding, and all their pensions and 401ks are ultimately based on that, even if they say they’re not.
And home prices are crashing because:
1 younger generations don’t get paid enough;
2 climate change costs are finally coming due via insurance now actually reflecting climate risks + outsized proportion of the last ~2 decades of new homes being built in high climate risk areas;
3 property tax rates are skyrocketing due to decades of local government mismanagement of budgets and infrastructure.
A fun fact that people do not like to acknowledge is that while yes, big Wall Street investors do largely set the tone and tenor of the housing market, the vast, vast majority of homes are owned by small time “mom and pop” landlords.
And the majority of existing home sales are Boomers selling homes to other Boomers.
They did this to themselves (and to everyone else), and the result will be that they impoverished their children while chastising them for being poor, enriched faceless corporations while claiming they hate them, destroyed the climate while claiming climate change isn’t real… all while claiming that everyone else is entitled, poorly informed about how the world works, and financially irresponsible.
And in enlightened countries that are France or copied their stupid law: the vultures keeping the boomers alive hooked up to expensive machines can also get the children to pay. Unlimited money hack for victims with more than 2 children.
So… does that mean I’ll be able to buy a house someday after all?
… I attempted to write a serious answer to this but basically I got overwhelmed, waaay too complex to attempt to project … 60 years into the future.
So, instead:
‘Outlook cloudy, ask again later.’
Maybe this csn help you make up your own answer:
I am an ‘out of the labor force’ econometrician, not unemployed, out of the labor force, because I’ve been unemployed so long that I have realized that I am now unhireable in the field, and thus gave up trying to find a relevant job.
Found Aquaman
FUCKIN AQUAMAN???
Buy? Maybe. Squat in a ruin? Absolutely
and die alone,
I doubt it. Every time I’ve made a thread or comment suggesting those who can cut out their MAGA relatives, people start screaming bloody murder.
They make dumbfuck claims like that I’m “spreading hate” or “trying to break up families in trying times”. Simple fact is that you may love your MAGA relatives, but they sure as fuck don’t love you. Its actually indisputable.
Your average Joe sane person has FAR more in common with those your MAGA relatives knowingly and gleefully voted to kill in 2024, than they do with their MAGA relatives.
Your MAGA relatives want you dead too, but they don’t know it because they assume you’ll change to their side when you’re older. That, or they’re too fucking stupid to understand the death penalty they voted for millions to get applies to you too.
Yet still, even as these Nazi fucks gleefully support the massacre of Iranians who are just like you and me, these supposed leftists cry and vomit and scream about the mere concept that they shouldn’t remain close to their fascist relatives. Its honestly insanely pathetic as fuck. If people can’t cut out Nazis, then no boomer dies alone because they are the bulk of MAGA.
I don’t understand how historically every generation has strived to make the world a better place for their children with the exception of boomers. The greatest generation set them up for so much success, and they’ve done nothing but try to destroy everything for the kids that are coming after them. I’m Gen X and my biggest focus is trying to create something for my children, to have something to pass on to them, to save for their college so that they don’t have to struggle like I did, and to leave them with a better world than the one I got handed.
“Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times,” - G. Michael Hoof
The quote is men, but I believe it should be generations.
The Boomers somehow think they are the strong men, while in reality they are the weak men that were created by the good times, aka the most anamalously prosperous sustained economic boom in the history of the planet.
(Well maybe possibly with the exception of what China has managed in the last ~40 years, but then we get into a very complex discussion)
At risk of playing too hard into the GenX trope: You should be more outspoken about this, and not allow yourself to be ignored.
I heard one that goes “the first generation studies war so the next generation can study math so the next generation can study art” Then I guess the art pisses so many people off they go to war.
Or they fail the entrance exam to art school and restart the cycle.
Pretty sure that’s just that one guy, or is this a trend?
A significant number of current day fascists… Ben Shapiro, Donald Trump, Steven Crowder…
They all wanted to be movie stars, script writers, actors, etc.
This is actually a broad trend, that some failed artists develop a megalomaniacal drive to ‘be respected’ in some kind of way, and that way is ‘being a fascist’.
Honestly, you can see the same broad authoritarian personality traits in a much larger subset of artists who basically cannot accept criticism… more often then not they just end up as lolcows, or that one insufferably snooty person you know.
Hard times make hard men, hard men make soft times, soft times make soft men, and soft men make me hard.
That’s what happens when you give a human being everything. You actually need to be born and live through hardship in order to develop empathy.
This is why rich people are consistently sociopaths, with racial theories, and the like.
They weren’t called the “me generation” for nothing!
That’s what they’re supposed to do… I’ve already told my parents to get spending. They can’t take it with them.
Exactly. I don’t really understand this post or what it’s trying to say. My parents worked hard, and then when they retire they should get to enjoy it, isn’t that the point?
My mom is almost 60 now and she is finally trying to sell the house. My brother and I grew up in it, but it’s way too big for her alone. I told her she should sell it and find some small apartment to rent somewhere, so she doesn’t have to fix/pay everything herself anymore.
Difference in priorities. My partner’s mom worked her ass off to make a comfortable life for herself but she’d rather spend her resources improving our lives while she can appreciate the impact. It makes her happy to see her family doing well so the money gets spent on education and home improvements and trips together. (She calls it a pre-inheritance.)
Sure, there is nothing wrong with that at all. All parents want to make sure their kids live better lives than they did, right? My parents also worked hard and paid for all that, my mom still helps my brother with things sometimes, helps pay for stuff when needed, but the OP makes it sound like those parents did something wrong by selling their house, and that actually they were supposed to keep it, against their will, so their kid could get the money? I think that’s complete bullshit. It’s their house, they get to do with it what they want. OP should be happy that their parents have such a house to sell in the first place, because there are a lot of people who don’t even have that.
I think there’s something morally wrong with choosing not to contribute to your family or community past your own life but that is assuming your descendants are worth a damn. “A society grows great when old men plants trees” and all that.
Sure, but there’s a very large area between not contributing at all and not being allowed to sell your own home. Parents can contribute in plenty of ways without being forced to keep living in a house because their kids care more about an inheritance than their parent’s wishes/well-being.
Nuh uh!!! The kids i raised better be ready to lift themselves up by their bootstraps. If they can’t–misery and poverty for the rest of their lives! Mwa ha ha ha!
Seriously though–it really bothers me when i see people saying stuff like “i raised you, i don’t owe you shit”… If you bring someone into this world–you better be ready to take care of em. Even if it means for their entire life! You don’t know what they’ll be like or what needs they may have, so be ready for anything. Hopefully they’ll be able to make a living for themselves but it’s getting harder and harder in this day and age.
The issue is that the way the economy is going, young people who don’t inherit a starter home or at least a down payment from their parents, will never become homeowners. It’s not quite bad yet, it’ll get much worse than it is now.
If you’re not willing to leave your home as an inheritance, don’t have children.
And people who don’t even own a home, shouldn’t have kids at all? I guess that would solve some problems…
But really, being willing to leave your home is not the only consideration. I finally got my mom convinced that she should sell her home, because she can barely get up the stairs anymore due to health issues. Am I supposed to force her to keep living there so I can get her money? Do you realize how fucked up that is? No. Absolutely not. She worked her entire life and she should be able to enjoy her retirement, and make it as easy as possible for herself, without having to worry about all the shit that comes with owning a home, and definitely without me complaining about how unfair it is that she won’t just die and leave me all her crap.
Unfortunately yes, those people shouldn’t have kids. Or rather, if they had any conscience, they wouldn’t be bringing serfs into this world.
You were probably also born early enough that you can still buy property with a loan. But we’re one or two proper crises away from that ever being an option for the younger folks.
And the system is designed for that. Expensive assisted living facilities are there so you’d have to sell your home so you can be sucked dry before death. Not just a US thing either. It’s the same in my country.
When plebs leave their property to their offspring, they’ll start accumulating generational wealth and we’re not supposed to have that.
Like I said, don’t like it, don’t have children. Not unless something significantly changes economically. I for sure wasn’t planning to have my kid without having a solid financial footing, but my ex of course lied about being on the pill since she saw how much I was earning and saw it as a way to get out of having to work herself. At least I do have my family home, built by my grandparents, that my kid will one day inherit. But of course I don’t want to die too early so I’m also trying to put together enough money for a 20-30% down payment for an apartment in 20 years or so. To kickstart the equity building process. Shouldn’t be too hard normally to do over such a long period, but my ex put me nearly six figures in debt so it’ll take me a bit lol
Look, we’re never going to agree about this, I think. Sure there are a lot of problems for young people nowadays, but maybe we can find some actual solutions? Maybe, I don’t know, vote in people who actually make life more affordable? Maybe trying to pass some laws that make it easier for people to survive. Maybe make healthcare more affordable, education more accessible, build some sort of safety nets for people, a living wage, whatever; make life better for people so they don’t have to wait until their parents finally die to make something of their own lives. Actual systemic changes in stead of just making it more bearable for some people.
But imo we shouldn’t go and try to create a world wherein parents are no longer humans but only inheritance dispensers who can’t live their own lives.
In case you were wondering, no I don’t have or want kids, and no, it has nothing to do with money.
But I’m thinking that you are American, right? Because I have never even wanted to own my own home. It has never been a requirement to live comfortably. It’s not needed as an ‘insurance’ or investment. And I have never seen my parents as some bag of money I get to spend when they finally decide to die. It’s disturbing to me that many people apparently think that’s normal? I mean, don’t you love your parents and want to see them happy? I don’t get it. My parents were very young when I was born. By the time they die, I’ll be like 60 or (hopefully) even older. I can’t imagine waiting my entire life for them to die, just because I want their money. How fucked up is that?
It’s a class war, not a generational war. Every generation has shitty people in it.
OK boomer
(/s)
It can be both. Some generations have a higher percentage of shitty people. The obscenely wealthy have always been shitty. AND Boomer’s grew up in circumstances where they were able to get/do whatever they wanted. Now the only way to do that is to shit all over their children. The Boomer’s parents sacrificed a lot to give them a better life without having to worry about how they got there. The Boomers in turn believe they deserve and are entitled to everything they want and their children can fend for themselves.
Yeah, the problem is that one generation keeps shitting on the others.
My parents received a lot o financial support in order to afford to buy an apartment for our family.
Neither my sister, nor myself has received similar financial support to buy a place to live in.
My parents instead live in a gigantic place they don’t use fully, and own several houses and apartments they rent out for profit. Of course none the real estate they own is anywhere near myself or my sister’s family. They also love to go on fancy expensive vacations all the time and complain about the younger generations. Of course they also get pensions from the companies they used to work for. Something that just doesn’t exist anymore.
There’s a lot of overlap between generational and class war.
I agree, It’s just the time line of things.
It is wild how selfish people can be though. That same time line over the last 50 years, saw a lot of rapid change both social, technological, and economic. Makes sense why there exsists such a rift.
So, are Millennials going to be viewed the same way?
It won’t be happening any where near as often with millennials children, because millennials don’t have any where near the generational prosperity that boomers did. As has been posted many times in this thread:
Good times make weak men. Weak men make hard times. (The world is here.) Hard times make strong men. Strong men make good times.
But this is your personal experience. There are a shit ton of boomers that are amazing and give their kids hand ups. It’s the system that is broken. Weren’t the proud boys mostly millennials? They were probably living off their parents. Gen Xers are never really shit on anymore because there isn’t enough of them to give an opinion. I can say though, there are a fucking ton of shitty gen xers too.
It’s a class war that built this system, not a generational war.
My mom never bought a house. Never could. And we were “boomers”. When she died all she had to her name was a beater car. Got that, but true to its beater nature, it has been down for repairs the last couple years
Buddy…
If you think you and your mom are the same generation…
And all you down voters can suck my poor white trash dick
I wonder how’s that gonna work with negative population growth like in Japan.
In Japan homes aren’t considered appreciable assets nor investments. Homes are treated like shoes over there. Use them up, throw them away.
