I think it is because of the invention of the IRA and 401k. Retirees no longer have to downsize, they can keep on growing their investment. That definitely has an effect on the housing market.
The problem gen Z has is that they are reaching adulthood at a tough time. All my kids reached adulthood after 2005 and had a pretty easy time of it, comparatively speaking. Other than that little blip around 2008, times were pretty good. All of them owned homes before age 25.
Yup my parents generation wasn't afraid to tell me how lazy I was and that if I would cut my hair and shave, I might have a chance in life. Of course, I didn't trust anyone over 30.
That poor kid is probably going to be traumatized for life. I still remember when I was 4 years old and my uncle's tom turkey attacked me. Actually, I think he was trying to make love to me, but either way it was scary. Lucky for me, my older cousin was there to beat it with a stick.
For all you guys all hot under the collar about not being able to hunt sheep. My oldest daughter has a big fat one out in her pasture that I'm sure she would let you shoot for a very reasonable price.
We start teaching it in grade school with "school pride" Or school is better than all those "other" schools.
Or it may be evolutionary. I can see how it might be useful in a small band of hunter gatherers competing for limited resources with other bands.
It's too bad us boomers don't understand how hard inflation hits a young person stating out in life. When I graduated high school in 1972 the inflation rate was 3.76%. rose to 6.22% in 73, 12.34% in 74, down to 9.3% in 75, only 5.76% in 76, 6.5% in 77, 7.6% in 78, up to11.35% in 79, 13.5% in 80...
True story: I knew a married catholic woman who got pregnant by a man who was not her husband. When her sister asked her why she didn't at least use birth control while messing around. Her answer was "birth control is a sin."
We have a lot of bears with various shades of brown and black all mixed up together. We usually call them "dirty bear."
I have seen two that were blond with dark brown head and legs. We called them elk bear.
I saw three cinnamon bears with dark brown head and legs. They were all together and...
I am by no means a millionaire, but I am a hell of a lot closer than I ever thought I would be. But since most of my net worth is tied up in my home it sure doesn't feel like I'm worth much. In 2020 my house was assessed at $180,000. I owed $62,000. I refinanced at $100,000 to get money to do...
I know it's tough being a Gen Z type person but you're young. It was tough for us boomers when we were young. In that meme about boomers, it says, "homeowner at age 22" In reality a boomer born with a penis, at age 22 was more than likely just getting out of his mandatory military service where...