Looking at house prices in my area and who would have been buying at the time. Gen X were still at the tail-end of the golden age and it really is only millenials and the generations that follow that have had to deal with the actual hardships following the economic changes. I see Generation X try to inject themselves into the discussion and they really shouldn’t.
Stop using artificial groupings to separate people.
Plenty of old folks who don’t have houses or retirement income, and there are Gen Alpha kids who are going to inherit billions.
Cool, great comment, but I’m talking about the general majority.
“Boomers are now contending with insufficient afforable housing” When? Certainly not when they were entering the housing market. All this says is that boomers can’t buy a house right now, much like everyone else. This article is barmy.
When?
Right now.
So, you’re saying old folks should jump into time machines and go back and make better choices fifty years ago?
When the fuck did I say that? I’m saying it was significantly easier for boomers and GenX to buy a house during their prime years than for millennials and GenZ. Learn to read mate.
i’m inspired by your courage and bravery
it is clear that you are the “generation that follow”-ed millenials. Meaning you weren’t alive for what Gen-X experienced. But I’ll let you inject your opinion. And being GenX is fucking awesome.
You’ll be shocked to learn that plenty of millenials watched Gen X buy houses and enjoy a strong economy.
I see Generation X try to inject themselves into the conversation
This does not sound like the GenX I’m familiar with.
Me either, you barely hear anyone talk about Xers, and that’s including Xers
I do hate to say it but it seems like Gen Xers are slowly taking over the Boomer “My childhood was FUCKING AWEsome we drank from the Waterhose and didnt have autism and if you dont like that then STFU liberal!” mentality. I’ve seen it firsthand
Good to hear you don’t use facebook.
Acting high and mighty because you swim in a cesspool
Stop please, my stomach hurts
I don’t, for this very reason. It’s not a reflection of reality.
Remember, this is about classes, not ages. Plenty of Boomers and Gen X have never and will never be able to afford a house. Rich people are causing the current affordability crisis. Get mad at them.
If buying a house is 3 x your annual income and you don’t own a house, you are either an outlier with tragically unique circumstances or you are incredibly silly.
As a Gen-x I worked 2-3 jobs through my 20’s to get by.
So yea, maybe you need to not get your info from Facebook.
Your personal experience doesn’t reflect actual financial data. I mean this in good faith so please don’t don’t take it the wrong way, but I can literally prove that buying a house was incredibly more affordable for a huge number of Gen X compared to Millennials (and certainly Gen Z). The drop-off for the following generations is immense.
(Narrator: He took it the wrong way)
Graduating into the dot com bust sucked, but just in time to buy a house and ride the 2004 bubble. Negative amortization mortgage, baby!
Did you get an interest-only mortgage or something? Because property value has skyrocketed since Gen X stepped into the housing market.
I was being facetious and never touched those crazy mortgages, but GenX had their own series of economic disasters.
Fine, and feel free to continue to downvote me, but the difference from Boomer-to-GenX and GenX-to-the generations that followed is catastrophic. Its like saying “yeah, being handicapped sucks but I did break my ankle as a teen so we’re basically in the same boat”
Yup. Times were different. Some things were easier, some were harder. Stop crying about it. Make the best of what you’ve got.
