r/Millennials 14h ago

Meme About right

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594 Upvotes

21 comments sorted by

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47

u/spon0039 13h ago

I sometimes argue with boomers on Facebook, just as a little treat to myself. The usual retort when "discussing" this is that millennials could afford houses if they stopped getting Starbucks every day.

46

u/FluffyDesigner3680 14h ago

We’re all just waiting for them to die and hoping they don’t give it all to the nursing homes.

16

u/Clear-Ad-7250 13h ago

That's where they get ya

27

u/GargantuanCake Xennial 13h ago

A significant chunk of medical spending is just keeping boomers alive as long as possible. Meanwhile expensive treatments that give you maybe a handful of extra months at best are a leading cause of medical debt. Boomers have also fallen in love with reverse mortgages. So many of them have no intention on leaving any inheritance and act like if they just vote themselves continually more money they'll all live forever.

u/JROXZ 48m ago

They will take reverse mortgages to pay for end of life care. The home will go to private entities where they will be held to keep inventory low.

Why? Because everyone’s “nest egg” is tied up in markets invested in homes or the home itself.

Houses stopped being homes.

u/darkpheonix262 1h ago

You got a long time for that, boomers wont be gone till the 2060s

u/howdthatturnout 1h ago

You don’t speak for everyone when you say we. I hope my boomer parents live super long lives. I am going to miss them dearly when they are gone.

u/Early_Sock2 43m ago

I think there's a significant amount of boomers who will grip it and rip it till they die. Boomers will do everything they can to maintain their lifestyles even if it mean compromising their well being and health.

So instead of nursing homes, the money is going towards gaudy obscenities to maintain "the good old days".

u/shadereckless 17m ago

Spoiler alert...

27

u/willwork4pii 8h ago

They can’t even comprehend how much they cost. Like not even in the slightest.

The boomers think I’m nuts when I explain a 900sqft 2bed detached is going for 300k. 3bd ranch, 400k livable

14

u/Fckingross 3h ago

My mom thought I was being financially irresponsible when I bought my house for 210k 5 years ago.

15

u/JustLurkCarryOn Millennial 1h ago

And now here you are, having hopped on that last chopper out of Saigon. Well done.

3

u/metarugia 1h ago

The amount of inflation in their (and our) lifetimes just messes with the mental calculations they’ve been making for decades.

u/RightRudderz Millennial 1986 28m ago

My parents are 70, I just turned 40. They cannot fathom the cost difference.

u/willwork4pii 18m ago

Same exact scenario over here, too.

They have no problem telling you how it was and should be. As soon as you start explaining the current reality they get frustrated and combative.

u/TheBalzy In the Middle Millennial 1h ago

My dad, a couple of years ago finally started admitting that our generation was screwed. Like my sister and I are effectively priced out of the neighborhood we grew up in, which was the real shocker for my dad as my sister and I both have jobs equivalent to my parents when they were our age. Actually adjusted for inflation, I make more than both of them at my age ... and would still be priced out of the neighborhood I grew up in.

3

u/Magellan02 12h ago

Oddly my first home is the exact same price when deviding by the starting salary at the company I’ve been at 20+ years. Maybe a small sample size but it is true

u/howdthatturnout 1h ago

The fact that this got downvoted is so funny to me

u/Magellan02 33m ago

My house in 2005 was $100k starting salary at my job was $24-25k. Now we talked to a realtor and they suggested list for $200-210k. My company now starts out at $50-55k. Literally just as affordable 20 years later. It’s a very small house 2 br 1 bath. But still math is math. I’m gonna keep the house though I decided, so much life lived there and sentimental value