Millennials own less than half the real estate wealth of boomers—can they catch up?
Millennials own less than half the real estate wealth of boomers—can they catch up?
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GenX not even mentioned. 🏆
Hey man, I'm Gen X and I have a house.
It's in a shitty town I hate living in and if I sold it, I couldn't afford to buy a house anywhere else, but I have a house!
I'm GenX and I just bought my first house. Just shows you what working hard for 29 years can get you! Just got to work for another 29 and I can start thinking about retirement and then work another 29 cause millennials killed retiring. Damn millennials.
I keep telling my wife that every time she talks about moving. My house has almost doubled in price. There are no houses within 60 miles for the price we paid that aren't ghetto or half the size.
Gen X as well here - I've come to the conclusion that while I'm not expecting to be able to afford to retire at a reasonable age and have no life insurance beyond what my employer offers, the one thing I'm hoping to be able to leave my children is my house. For so many years raising them we were broke and housing was definitely questionable at times, but now I'm about 6.5 years into a 30 year mortgage. If it can be maintained, at least they won't have to worry (as much) about losing the roof over their heads. And if need be they'll be able to sell it when I'm gone, and hopefully it'll still be worth something.
But of course. Did you think you were only going to be ignored as a kid?
/golfclap
Amazing.
All we were good for was being silent consumers and producers.