Baby boomers are becoming homeless at a rate ‘not seen since the Great Depression’
Baby boomers are becoming homeless at a rate ‘not seen since the Great Depression’
On an unrelated note, suddenly, boomers care about affordable housing for no apparent reason.
For them. Everyone else needs to use their bootstraps.
Bingo!
Ageist comments are weirdly popular on lemmy. Why is ageism encouraged when sexism and racism are not?
Disclaimer: These are obviously over generalizations and don't match all individuals.
Because it's not the age people are against, it's the generation. The boomer generation had some of the most prosperous years in American history and wasted them. The general idea is you're supposed to make the world a better place for the people that come next, and they did the opposite. They cut social systems, defunded education, let public transportation die, outsourced everything, and lined their pockets with investments in oil that are killing the planet.
I won't blame someone for being old, but I will judge them by what they did and supported during their life. And as a whole, the boomers have a lot to answer for.
I still everyone thinks that boomer`s houses magically built themself and cost nothing. No interest was payed for the loan and the time there where built money rained from the sky.
Tell me more about how you want every to know that you know nothing about the changes to monetary policy, socio-economic issues, or regulatory change that has happened since the mid-70's.
If you think that, I know you're unfamiliar with the economy and real estate.
They bought them, yes. In fact, they had higher interest rates! My dad's first mortgage in the 80s was at 17%...but the loan was less than 2 years of his salary which made his payments pretty easy. Now I'm expecting to have to pay 5-6x my salary for a similar home.
And to get ahead of some rebuttals: adjusted for inflation, I am making more than he did at the time so it's not that. And the homes I'm looking at are in less desirable neighborhoods than I grew up in so it's not that either.
Furthermore, his parents' generation wasn't hoarding real estate for Airbnb rentals.
Nobody with a brain believes that straw man.
The topic is complex and nuanced but it isn't hard to see that, say, single family homes are harder to afford now versus in the past by several measures.
Here are some examples articles...
https://anytimeestimate.com/research/housing-prices-vs-inflation/
Though the title of the following sounds like it disproves me until you get to the part about wages not keeping up.
https://www.supermoney.com/inflation-adjusted-home-prices/
Now compare the rise in the median price of a home to the median income of Americans.
if you adjust for inflation, the median income of Americans has only increased by 33%. The median housing prices, however, have increased by 60%. It’s even worse when you look at the income of younger adults. For instance, the median income of people between 25 and 34 only increased by $30 in 44 years (1974 to 2017). It’s no wonder homeownership rates among Millennials are lower than for previous generations.
Particularly in the last few years things have gotten worse.
https://cnn.com/cnn/2023/08/24/homes/home-affordability-worst-since-1984/index.html
Okay boomer
You didn’t hear ? Things are only hard now.
Nice strawman argument, clown shoes.
They should cut back on avocado toast and get rid of cable.
They should get rid of that land line, you know they still have one
Why can I almost never see the hidden replies?
Have they tried trickle down economics or maybe pulling themselves up by their bootstraps??
Enlarged prostate and arthritis are making that difficult
It’s a good thing they have an easy to use heath care system to rely on!!
Anyone here who comments about how they deserved this fate or how they got what was coming to them needs to grow the fuck up.
There are very, very few people in this world who have done something bad enough to have this kind of condition even be remotely justified. They're gonna either be on the streets or in basic Medicaid nursing homes for the rest of their lives. Many will get beaten and robbed. Many will probably just commit suicide to avoid the nightmarish conditions. And people here are celebrating this?!
Newsflash, the baby boomer generation are also people who also deserve to have someone give a shit about them. You people are sick.
So, the kids won't let you move in, you're running out of options, and you're here on lemmy telling us how sick we are (after how many years of boomers telling millienials we are the problem) because you're about to be homeless?
Oh no! It's the consequences of my own actions!
In other news, popcorn and confetti sales skyrocketing!
Ugh, I just knew what this gross comments section was gonna look like.
Look, whatever perceived collective guilt an entire cohort of humanity has in your view, it's really disgusting to celebrate and gloat over a report about the elderly becoming homeless.
When subsequent generations decide they have the right to dance on our graves for whatever it is they decide we did, I hope your ghosts aren't too whiny about it.
I'm pretty sure there were Zero homeless boomers during the great depression.
But also all of them had zero homes.
Like there aren't babyboomers who also have no say in policies and those that haven't struggled their entire lives
The more things change, the more they stay the same
"over-50 demographic"
Hey, hey, hey, don't group all of us in with those assholes...
coffin dance theme
Bruh they were and still are brainwashed by so much anticommunist propaganda. They had to survive in those material conditions, and if they made it they had to buy into the lie of American Exceptionalism for their prosperity and not the Dollar becoming the worlds reserve currency and propping up European Social Democracy, Dictators, and Kings. They reaped benefits they were actively being kept in the dark about, if they are waking up cause piss is tricking down their face, i will still celebrate them waking up. We need all the people we can to wake up and realize how the elite have stolen from the working class and are only taking more and more as we continue to kill our planet to give them more wealth...
Cognitive dissonance is really strong if you have to question the way you were living your whole life when questioning the current situation. This makes those people far more likely to be easy prey for far-right propaganda than to be waking up, I'm afraid.
Because there were so many Baby Boomers alive during the Great Depression...
They mean elderly during the Great Depression. It was a driving force behind Social Security.
There are many books and at least one Oscar-winning movie about this
Wait, the people who caused all of this are now suffering the consequences? Oh no, whatever will at do?!
Meanwhile amount of empty homes is increasing. I WONDER WHY.