Home Ownership

[Shourty]

[QUOTE=Jibartik;

This is why people hate boomers.[/QUOTE]

I was born before the boomers. Cripes, I'm so old, I fart dust.
I don't feel offended being called a boomer because of your youth. You lack experience and context to really make a offensive comment yet. Kinda like a kindergarten kid snickering and calling someone a "poo poo head".

[Jibartik]

I'm just saying an older gent saying that today is just like his day is par for the course, and incredibly inaccurate. And that is why people hate boomers.

[You must be logged in to view images. Log in or Register.]

[Gatordash]

Originally Posted by Shourty [You must be logged in to view images. Log in or Register.]

I don't feel offended being called a boomer because of your youth. You lack experience and context to really make a offensive comment yet. Kinda like a kindergarten kid snickering and calling someone a "poo poo head".

I just know that your generation has taken advantage of and passed along a ton of debt to the younger generation so I disagree with your anecdote.

But its not your problem so I guess I wouldn't give a fuck either if I was in your shoes.

And likely my generation will do the same to the younger generation because its easy to pass along your problems to someone else.

[Jibartik]

Originally Posted by Gatordash [You must be logged in to view images. Log in or Register.]

And likely my generation will do the same to the younger generation because its easy to pass along your problems to someone else.

This is why I think we deserve a world war. Just to be clear! [You must be logged in to view images. Log in or Register.]

Edit: also it will make the homes I want to live in accessible (or destroyed by chemical warfare or radiation if I cant have them no one can)

[derpcake2]

Jibartik doing a strong "I'm young but useless so I should blame everyone but myself" here.

A+ would laugh again.

Too bad you didn't place a brick for every post you made here, you'd have your own house.

[You must be logged in to view images. Log in or Register.]

[Jibartik]

Way to miss the point entirely.

Im watching my country collapse idiot.

[derpcake2]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

Median mortgage 1960: $11,900
Median income 1960: $5,600

A home costs x2 your income.

Median mortgage 2018: $272,500
Median income 2018: $65,000

A home costs 4x your income.

This is why people hate boomers.

Mortgage rate in 1975: 9%
Mortgage rate in 2021: 2.8%

Total cost when loaning 200k over 30 years:

1975: $ 561.227,64
2021: $ 294.494,44

Source

Hilarious.

[derpcake2]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

Im watching my country collapse idiot.

I'm sure you are one of the pillars of your community with a solid job and strong family ties, so it couldn't be possibly your generations fault.

[Jibartik]

Originally Posted by derpcake2 [You must be logged in to view images. Log in or Register.]

Mortgage rate in 1975: 9%
Mortgage rate in 2021: 2.8%

Total cost when loaning 200k over 30 years:

1975: $ 561.227,64
2021: $ 294.494,44

Source

Hilarious.

Show me where you're going to live with a 200k loan please and then I will remind you that the people there make 15$ an hour.

Not to mention you could buy 5 homes for 200k with a median Home price in 1971 that was 35k.

Estimated payments on a 35k home at 9% 30 year fixed is 230 dollars. (1975 rates)

If you bought the home 3 yeas earlier the payments would be $90 (1972 rates)

[derpcake2]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

Show me where you're going to live with a 200k loan please and then I will remind you that the people there make 15$ an hour.

Median Home price in 1971 was 40k idiot.

Why are these people making 15$ an hour?

Isn't that what a burger flipper with some experience makes?

Thought we were discussing gainfully employed people here.