- cross-posted to:
- lemmydirectory@lemmy.dbzer0.com
- cross-posted to:
- lemmydirectory@lemmy.dbzer0.com
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This gives me flashbacks to the one time in my life I really wanted to answer “okay boomer”
My father in law was supporting the claim the climate change might exist, but it’s nothing we have to concern ourselves about because it’s going to take decades to do anything.
And I was like: you have grandkids, they will be there in decades! And: you just experienced the first drought of your country, how is that not climate change??
After half an hour going in rounds I gave up and bit my tongue to not torpedo our relationship. Two years later he admitted that maybe there was something about climate change nowadays…
Decades ago my stepmother did this in front of her 8 year old daughter… I was like, ok you’ll be dead, and you don’t need to care about me as your stepson, but what about her?
Ughh… Now her and my dad are MAGA…
bit my tongue to not torpedo our relationship
I’m so glad my wife is basically no contact with her parents, because I never have to play nice with them.
In my case, they are overall nice and caring people with, sometimes, a bit of a blind spot. I was very glad when they came around on the climate change issue, that was the only sore spot between us.
You’re still more patient Than I.
It’s great that they’re rational enough to change their views in the face of evidence, even if it takes more evidence than it usual.
Two years later he admitted that maybe there was something about climate change nowadays…
At least they changed their mind (a little bit). I think this is a huge part of the problem: admitting an error and being supported for that admission is something that is frowned upon in certain groups. I think toxic masculinity plays one big factor here. Admitting errors is seen as “not masculine”, especially within conservative groups.
dude torpedo the relationship, who gives a fuck. if they want to be ignorant fucks and ruin their relationship with their child, that’s on them
they won’t change if there are no repercussions
You advocate blowing up a parent-child relationship just for not getting the instant gratification of convincing them to change their political views in a single day?
That’s decades of history prior and more in the future hopefully. Some things just take time.
We wil be dead from climate change before they figure it out.
This isn’t some social cause you can be a conservative for. This is high stakes and a deadline.
no, I advocate for not appeasing ignorant assholes, and if the ignorant asshole chooses to react poorly to it, let them
Some people just take a while to absorb new information.
My father would always seem like he was completely stuck in his ways and unyielding if you argued with him for one day. But if you came back the next day, he usually had a much better view and had accepted some of your statements.
I actually enjoyed debating him once I learned this, and learned to drag out the debates over several days. I also understood a lot more by copying his method of learning.Not everything needs to be instant. Give people information, then give them time to think about it.
yes, that’s what I was getting at. doesn’t need to be right that moment, but it certainly doesn’t need to be two years.
Life is too short to bother maintaining relationships with people like that. They can rot away in lonely isolation, like they deserve.
You know one snippet of my father in law. Is it really sufficient for you to judge the whole man? I sure hope never to be judged so harshly!
He literally told you he didn’t give a shit about your kids or theirs. That’s indeed sufficient enough for most reasonable people.
Managed this as a millennial - had absolutely nothing to do with my parents helping pay half my deposit. Nope, absolutely nothing to do with that whatsoever.
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how is owning a home a barrier to early retirement more than paying rent with money you will never see again? you wouldnt be stuck for 30 years and if someone’s gifting you 20% it seems foolish not to. perhaps you should do some self education on retirement and money
The housing market is in a bubble right now. Buying a house is no guarantee of equity when the value can plummet and put you underwater at a moment’s notice.
The value of a paid off home is not the equity, that’s just numbers on a paper until you die and your heirs sell. The value is in living for peanuts for the rest of your life.
My house is paid off. My monthly housing costs are $735 for property tax that can’t increase more than 2% year due to California law. My neighbor three doors down with the same floor plan rents for $8500/month. That difference will only increase for the next 40 (I hope) years until I die.
Even my not-paid-off house is saving me money, since rent has continued increasing and my mortgage has not. I’d probably be paying at least twice in rent for this house as what my mortgage payment is. Bought it 12 years ago.
That too, last year before I finished my mortgage my neighbor was paying well over double my mortgage, property taxes, and maintenance costs combined.
Yeah I don’t think people realize that the biggest advantage of owning is to lock yourself into a stable housing cost. Even before it’s paid off, you lock in a more or less stable monthly housing bill. Maintenance sucks, big ticket repairs suck. But you’re always going to need somewhere to live.
I bought a place ten years ago, and if I was renting the same house today it would be about double the mortgage. Sure, I highly doubt that doubling will happen again in another ten years. But I doubt even more that we will ever see the prices back at 2015 level.
Maintenance costs suck, but even that has a silver lining when you own. It’s yours. When your fridge breaks in a rental you’re not out any money, but they just bring by another jank landlord special. I redid my kitchen with Thermador, not the top of the top brand, but pretty far up there. That cost quite a bit but it’s mine and my kitchen is far better than anything I had renting.
Buying a house increases the switching cost of moving to seek new job opportunities. Since we’re no longer in the days of pensions renting makes sense. Imagine buying a home in Detroit before inscrutable politics and macroeconomics caused it to decline; buying a home means you risk holding the bag, especially if you don’t know how to manage risk from climate change in the coming decades.
Rent often isn’t too far off from the cost of buying. The main financial advantage of buying comes from appreciation, which I would say is a pretty big gamble.
Historically housing as an investment is one of the least risky gambles one can take. They even have a saying, “safe as houses.” People will always need a place to live. Tbh, buying a house is probably safer than government bonds right now.
People will always need a place to live, yes. We also always need food, and general safety from harm. A home is no good if you lose any of the other two while living there. That can happen if, for example, the government or your neighbours decide that your kind is undesirable, or an arbitrary trade war forces businesses in your area into downsizing/bankruptcy and losing you the jobs that paid for your food, or the same happening to farms in the area. How big these risks are will depend a lot on where you are and who you are.
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i have no idea what youre talking about depreciation for on a home, its not equipment youre writing off for tax purposes. if you mean rent went up 8% then thats even more of a reason to buy. and it sounds like you mean to say appreciation (which is basically free equity if you did own it) instead of additional money lost
sagged down by a 30 year mortgage? you say things that just dont make sense. you can sell the house at any point. or refinance. or take out a HELOC to access some equity if you get a sub 7% rate (or cash-out refi) and toss that into an index fund. file bankruptcy if you truly cant afford it and cant sell it or rent it. you have more options that will enable you an early retirement more than just pissing it away on renting.
you need to do some honest research about it bc everything you say is pretty uninformed sounding. and i dont really know a whole lot myself.
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im done reading at “homes depreciate”
The secret ingredient is lead poisoning. The Baby Boomer generation spent over half their lives sniffing leaded gasoline fumes.
Ding ding ding!
The reason it feels like people from that era are angrier and dumber than they used to be is because they literally are! It’s literal brain damage!
Yeah, turns out that lead in gasoline ain’t so great for the brain. I remember being oddly fascinated the first time I saw the correlation of lead being pulled from gas and violent crime plummeting 30 years later. You can see it in graphs from all across the world and can damn near set your watch to it.
They still do. General aviation still uses 100LL aka low lead
The FAA finally approved 100UL (unleaded), so the US is on track to stop using 100LL in most cases within the next 20 years
EPA has tight regulations on washing your plane though, so there’s no problem with lead /s
Disclaimer: It’s better than nothing that the EPA tried to do something, but the government really should have gotten their shit together and approved 100UL decades ago
While lead pipes were banned in 1986, millions of lead service lines remain in service across the US to this day…
Lead pipes are less of an issue that it would seem, as the pipes quickly develop a layer of calcium salts on the inside, preventing the water from actually coming into contact with the lead.
By all means, they need replaced. But they’re nowhere near the contributor that leaded gasoline was. That stuff probably fucked up 6 distinct generations. If you lived in a city, you were inhaling lead constantly.
Get out of here with your fact-based science, it sounds like you did your own research. We don’t like that. Please comply.
Agreed, fake news. Trump didn’t say this so it isn’t true. Lead never hurt no one. (Ever noticed MAGA’s double negative usage?)
That’s right, water never leaves scale deposits in pipes. Only in hot water tanks and faucets. In between, magic.
Lead pipes are less of an issue that it would seem, as the pipes quickly develop a layer of calcium salts on the inside, preventing the water from actually coming into contact with the lead.
This right here.
If people remember the lead in drinking water contamination in Flint Michigan, its because they had lead pipes that were well coated with the protective layers and had no trouble with lead in water. Then the newly elected city manager changed water sources to cut costs against the advice of the water engineers in the city. The other source of water was more acidic and stripped out all that protective coating and suddenly there’s huge amounts of lead in the drinking water from the pipes.
Lead gasoline for cars is gone. Lead pipes are still around.
You’re concerned about the big problem that we already solved? Bro, you need to re-prioritize.
Also faucets and fittings are still made with a brass alloy containing lead
Wait, what? In what country(ies)?
Here in Germany afaik there’s only a limit of 0.25% lead by mass
Pure lead pipes have to be replaced until 2026
The EU lowered it’s limit from 10 to 5 microgram/l
I know the US is one that has 100LL
Edit: Misunderstood context, disregard
Gen X kid walked arduous hikes uphill back from school in the La Cañada foothills in San Fernando Valley, id est, the Los Angeles smog bowl from ~1975 to 1985. I may literally have lead poisoning brain damage.
I don’t know how I’d get checked. 58 now.
Curiously, I empathize with kids these days but am also extremely left-wing, and see each generation getting dismissed by the previous one as having it too easy.
I do not dismiss the next generation as having it too easy. Their minimum wage is what mine was when I young. They are basically in a ponzi scheme economy. They are either going to have to endure this distopia or violently overthrow it.
I feel like it’s more bleeding into, ok x-er now.
Not to say that all of Gen X’s like this, but I’m definitely seeing some of the older ranks falling into this sort of behavior
My GenX dad sure did shut the fuck up about the job market and economy once he had to find a new one. He gave up and retired after working a handful of shitty ones after he got laid off the good job.
My GenX dad calling me and complaining about how much Indeed sucked for finding jobs was extremely validating.
Indeed fucking sucks 😡
It does, but wtf else do we have? The other options might have one better feature and then several that are worse.
he gave up and retired
I wish i could do that.
i did, and im only 35. thanks mental health disorders!
Same.
Gen X here, sadly can confirm :( I see what used to be friends turn into selfish people, ignorant derps or conspiracy/russia shills. Or a combination thereof. It’s depressing to watch this process up close and have no antidote.
Let me Tell you a story from a whippersnapper if you care to listen. When I was young and roaming the digital wild West, there’s one thing I kept seeing from my peers. People saying “as a millennial/ gen. Z, I’m sorry for my generation” This is always stuck with me as something that was depressing in and of itself, but that also gave me pause for the idea that we needed to be sorry for something in the first place. They were apologizing for stupid things like memes or childish behavior, but I had seen them do these things in the past and have a great time doing it.
The main thing this taught me is that people are a product of their time and the current time. It’s usually not worth it to just write these people off as lost souls, but rather to reach out and try to peel back that layer of societal contempt. There’s still a human under there and they still have some of the old ideals you used to know, just under a layer of dust. When I see my peers changing nowadays, I don’t let that affect my perception of them, I still remember them as the Goofy 14-year-olds shouting swag in the hallways. Now, whenever I meet up with them, I make the effort to brush off whatever nonsense they’re going on about now and peel back that layer to see the version of them that I know and grew up with.
It’s easier than you might think, just takes a few well placed laughs and you’ve got your friends back
I agree with StarvingMartist, it really is much easier to be an enabler than it is to give a shit about values. It’s easier than you might think.
Sure if you want to belittle my point and make a joke, be my guest! Ultimately I can’t change your mind so I’m not going to bother trying, just like with my friends and family, I’m going to brush off the dust and keep navigating this complex spiderweb we call life.
I just know I won’t be doing it alone and isolated from people just because they have a different viewpoint.
Ironically, you and people who speak like this are the truly belittling ones. It’s much harder and more courageous to hold values and stick to them than it is to delude yourself and others into believing bad things really aren’t that bad, and that we can all hold hands and laugh it away like anime characters if we just try hard enough.
These things are not mutually exclusive, either. You can absolutely cry laugh over something with an evil nazi boomer. It won’t change who they are, though - they need to do that themselves, and comforting platitudes are what they count on people endlessly giving them in order for them never to have a reason to do so.
You and I have very different definitions of sticking to your values.
Even assuming your observation was universally true (which I doubt, I firmly believe people can irreversibly deteriorate) - there are circumstances that can prevent you from reaching people. To name the immediate two that come to mind:
- lack of “alone” time that they will spend with you due to family / spouses / jobs
- you simply do not find the key (again, assuming it exists) to “peel back” their layer of anger and frustration that clouds their objectivity
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For a community called “LemmyShitPost” there is an awful lot of gold here.
The hardship Boomers had was mostly far away and hypothetical. They grew up with the constant threat of nuclear war.
The old Star Trek episode “Gary Seven” has an interesting take on this. Boomers expected that civilization would end before they got to adulthood. Then it didn’t, and they had no idea what to do with themselves.
Then they come to a time when they’re resented by both their parents and their children. The Greatest Generation was horny after the war and literally fucked the Boomers into existence, but realized too late that they didn’t actually like having children. Boomers treated their children the way their parents treated them. Gen X sorta puts up with it, but Millennials aren’t having it.
Other than that, capitalism knew by the 1950s that if they push the working class too hard, they’ll revolt. Better to back off the money printer a little to make sure we can keep running it for as long as possible. And so the working class could have a reasonably comfy life doing the same trades for their whole working life (provided they were white). Over time, capitalism found that it can keep a working class revolt from happening by dividing the working class against each other; racism and religion works pretty well. Then it was time to overclock the money printer.
Boomers expected that civilization would end before they got to adulthood.
I figured that was our (Gen X) curse. I remember being fairly sure I’d not see age 20, given all the dystopian nightmares that seemed to surround us. Maybe it was all the boomer-created media we were saturated in.
I seem to recall Douglas Coupland writing on that in much more evocative ways than I could ever muster…but then, even though he coined “Generation X”, I think he’s one of the very oldest in that generation.
I’m so old that I used to tell this story to people to figure out if they were too young to bother with:
A friend and I were in a cheap restaurant for breakfast after being up all night. Server brings the drinks we ordered, sets them down, goes about her business.
“… Hey! This isn’t orange juice. This is Tang. Who does she think we are, astronauts??”
What does this have to do with the topic at hand?
You’re gonna gatekeep shitposting, really?
Hey now, no need to gatekeep gatekeeping!
Are you shitkeeping gateposting again?
What are we, astronauts?
POSTASTRO NAUTKEEPER!
ngl tang is awesome. mom made a tang pie recipe we saw on tasting history and it was delish
Hah, your powers of deduction won’t work on me! For I am young, and not even from the same continent as the USA so Tang never existed here!
But I know the link between NASA and Tang because I’m a NERD! MUHAHAHAHA (It wasn’t ever actually Tang that flew but rather a NASA concoction, but boy is it good advertising!)
One particular astronaut was once caught on a hot mic complaining that he was extremely sick and tired of drinking the juice they provided and made them drink in significant quantities during the flight… I’ll leave you to go look the details of what he said and why they insisted they drink so much of it, because I want you to get sucked in to Apollo history too 😈
I was told the other day by someone younger than me that saying “okay boomer” is cringe now. The new hot hip fan-didly-tastic slang is “unc status” or “aunt status”, apparently. Means the same thing, but in sleek Gen-Z packaging.
Okay zoomer.
I feel like there is always some level of condescension when talking about other generations of slang and I wonder why. There’s a smack of snark to the redundant duplicated repetition of “hot hip fan-didly-tastic” and “sleek Gen-Z packaging”, and “cringe” is obviously derogatory. Can’t we casually accept that “the new slang is” what it is, and set an example for the younger ones in turn?
Couldn’t contemporary colloquialisms coexist comfortably?
I love using the new slang. It makes my kid turn red, which I find hilarious.
Fuck I am too old for my own generation. Mentally and from my speaking I am way more millenial than gen z
You arent alone lmao
Notably, – yet again – it’s also cribbing/misusing black slang/terminology; disappointing…
How so?
Unc’s a term that’s been in use since at least the 90s (but maybe older; I’m not a historian nor was alive then); it can sometimes be used disparagingly though, generally, it’s usually a sort of familiar way to refer to someone that’s older. Kind of similar in the way “cuz” doesn’t literally refer to someone who’s your cousin but someone you’re familiar with, who’s like family in the same way a cousin might be (you didn’t grow up with them, didn’t see them all the time, but you’re familiar with them).
So it’s not hard to see how this new definition came about but it is, still, sort of just plucking the word and modifying it to a very different context (the disparaging form was definitely not the predominant form and there was a degree of fondness or respect for your elders in the term which this new usage completely eradicates through patronizing that I can’t help but notice is more community-destructing than community-building). While this is a phenomenon that is far from new, it’s felt particularly manufactured in the last decade and a half or so (probably due to the ease with which things can become viral in our current Hellscape-form of Internet); a lot of the “slang” that’s hit mainstream awareness has felt almost more like buzzwords than actual slang or even natural language in the way it’s been used. That’s not directly relevant to your question but just something I’ve been thinking about.
Also, thanks for asking, rather than downvoting; it’s (obviously) not everyone but there’s a non-negligible segment of Lemmy that just seems to have an emotional tantrum every time race comes up.
So it’s not hard to see how this new definition came about but it is, still, sort of just plucking the word and modifying it to a very different context
I think the difficulty here is the assertion that this “unc” stems from black slang rather than a parallel evolution. After “bro” and “cuz” made it into wider adoption, the pattern of taking the first syllable or so off a term for a relative is familiar.
Unrelatedly, the image of the weird uncle spouting bullshit is a cultural meme in at least those parts of the (presumably mostly white) Internet I’ve been exposed to. The subjectively most common forms I see are holiday season complaints about uncles being racist or conspiracy nuts.
That is a very different image of uncles. Combining it with the aforementioned pattern of taking the first syllable to refer to people of a vaguely similar persuasion will lead to a derogatory meaning of “unc” that may well have developed entirely independently of the more respectful sense you mention.
Hence, I’m inclined to believe it’s more of an unfortunate coincidence than a corruption of an originally benevolent term. Either way, it’s unfortunate to have an otherwise positive term associated with something negative, whether by accident or by ignorant misuse.
more community-destructing than community-building
In some sense, that destruction of community may precede the term. If my reasoning above is correct, the term refers to a type of person one would rather not share a community with.
Also, thanks for asking, rather than downvoting; it’s (obviously) not everything but there’s a non-negligible segment of Lemmy that just seems to have an emotional tantrum every time race comes up.
There’s an odd discussion space around the topic, where even the way you treat it becomes a discussion of its own that I don’t wanna get into right now.
However, one part of it may be that people afford the meaning of words different weights. You comment on how slang becomes trivialised, turning into buzzwords rather than proper language. I’d counter that this seems to be a feature of mainstream communication in general: Words (with some exceptions) are treated more lightly, and as we trust the other to catch the intent of our statement, we also throw them with less care.
That doesn’t mean a word I throw lightly also becomes weightless to others, and I suspect that’s where part of the conflict stems from: When you say “this was taken from black culture”, that feels like an accusation of appropriation and racism. If I adopt a word without any intent of disrespect and then get (or feel) accused of saying something racist, I get defensive because that wasn’t my intent. But the way I said it might still have hurt others, and the fact that I said it carelessly is no help.
I think I first saw that disconnect in the discussion around the N-word: To many white people (including myself), it doesn’t have much weight anymore. We don’t hold the contempt that it used to be an expression of. However, to many black people voicing their thoughts online, it seems to still have the sting of centuries of oppression and disparagement. They don’t – can’t? – separate the intent from the vessel that carried it.
The switch of perspectives isn’t intuitive. But it’s worth learning.
I’m curious to learn and to hear the experiences of others. Whatever thoughts I may have are coloured by my own biases, my upbringing, the social environment I live in. I’d rather ask, converse and risk offending out of ignorance than to assume I know the answer and probably end up offending out of negligence.
Avoiding conflict also avoids the lessons we can learn from it. If we take care to avoid lasting harm, we can “play” conflict and learn to avoid actual conflict in the future.
But “okay boomer” has just become a bland, flavorless retort that gets said by anyone to anyone for any reason.
It isn’t an expression of frustration at an audience that rejects facts and reason, it is a pithy retort that gets thrown out to say “STFU” to someone in slightly more polite terms.
Like, the root of this isn’t unfair. But as with so much internet lingo, the initial intent has been polluted by online gooners who latch on to a phrase and use it as a barb rather than to convey any particular kind of coherent message.
Okay boomer
You walked right into that one ;)
I mean, not always. It’s still used appropriately. It’s just also used inappropriately as well.
Hey you leave gooners alone. They aren’t hurting anyone. They’re just jerking off.
They are Marxists, they are anarchists, they are agitators, they are looters, and they are people who, in many instances, have absolutely no clue what they are doing.
I feel like “having it easier” can be relative. I definitely have it easier than my grandmother who is a black woman born in the late 1930s who only has a high school education. I’ve even had an easier life than my parents in many ways, even if they did achieve the “American Dream”. I may not be able to afford a house right now, but everything else has been easier as a whole so far. I’m in the USA, so we’ll see how the rest of it goes.
ETA: spelling
👍
I guess it’s to be expected. Boomers were raised in pure bliss, spent half their lives relatively stress-free. Everything was easy and cheap. When you live an easy life, you get used to being dumb, uninformed and lazy. The same would have probably happened to all zoomers in the same situation.
Note that this is mostly specific to North America, Western Europe, Japan and maybe a few other countries. Pretty much everywhere else boomers aren’t all that different from zoomers, save for regular intergenerational differences.
I guess it’s to be expected. Boomers were raised in pure bliss, spent half their lives relatively stress-free. Everything was easy and cheap. When you live an easy life, you get used to being dumb, uninformed and lazy. The same would have probably happened to all zoomers in the same situation.
I’m not a boomer, but this isn’t quite a fair characterization. Yes, they had cheap college, affordable cars, housing, lots of upward mobility that most of us would love to have today, but they lived through some shit too. Boomers were in their youth when humanity had its closest brush with global nuclear war when the bombers were in the air flying during the Cuban Missile Crisis. They lived everyday with a really good chance the world was going to end in nuclear war. They were the last generation to see a compulsory military draft and many know high school friends that were drafted and died in Vietnam. We think interest rates are bad these days making borrowing expensive. No shit they were having to get mortgages with a minimum of 18% and 19%:
This says nothing about the many racial and sexual discrimination issues that those groups faced making basic life even harder. In Canada it wasn’t until 1964 that a woman could open her own bank account without her husband’s consent. In the USA, redlining preventing people of color from buying homes in better areas denying them untold billions of dollars of generational wealth from real estate appreciation.
Absolutely give the out-of-touch boomers that are dismissive of the problems young people are facing today the shit boomers deserve. They did so much to harvest the benefits of the last century and leave the bill to the younger generations while simultaneously destroying environment for the later generations to thrive the way they did. Just don’t forget that each generation has its problems too and there hasn’t been a generation yet that has been entirely carefree.
Just using the interest rate is an unfair comparison. You have to go get median house prices and median incomes as well to make a proper comparison. Just saying the rate was higher at some point is useless if we don’t also compare the prices and incomes because what really matters is affordability. Not saying your whole comment is wrong, just trying to say that this particular part seems to be biased in favor of the Boomers.
Median home price to median household income ratio This ratio is a key indicator of housing affordability. It measures how many years of the median household’s income are needed to purchase the median-priced home. Period Median Household Income Median Home Price Price-to-Income Ratio 1980 ~$21,000 ~$65,000 ~3.1x 2024 ~$85,000 ~$415,000 ~4.9x Comparison of mortgage payments Even with the high interest rates of the 1980s, the lower home values meant a smaller overall loan and a monthly payment that took up a smaller percentage of the median household income. Here is a side-by-side comparison of a hypothetical mortgage for a median-income household in 1980 and 2024: Mortgage metric Early 1980s 2024 Median income $22,000 $85,000 Median house price $47,000 $415,000 20% down payment $11,000 (~50% of annual income) $83,000 (~98% of annual income) Loan amount $36,000 $332,000 Interest rate 13% 7.5% Monthly payment $397 $2,321 Payment as % of gross income
Just using the interest rate is an unfair comparison. You have to go get median house prices and median incomes as well to make a proper comparison. Just saying the rate was higher at some point is useless if we don’t also compare the prices and incomes because what really matters is affordability. Not saying your whole comment is wrong, just trying to say that this particular part seems to be biased in favor of the Boomers.
I’d written a big post already, and diving into all the details and nuance was too much to put in the initial post. You’re right that the interest rate alone isn’t a determining factor, but I’d also disagree that its objectively in favor of Boomers, perhaps subjectively though. Another factor to consider is that in the downpayment requirements. Today we talk about the “best practice” of putting 20% down on a home, but that’s today. The alternative of putting less-than 20% down and using PMI didn’t even exist as a concept until 1971. It grew in popularity later, but in the early days it wasn’t common. Further, with higher interest rates it meant that much lower pay down of the principal was occurring in the first few years of the mortgage because of amortization. It was the beginning of the age of moving more frequently for jobs, which meant less equity build up as each house sale cycle robbed them of that benefit of wealth, arguable the most valuable investment asset of the working class.
Median home price to median household income ratio This ratio is a key indicator of housing affordability
I appreciate you doing and sharing that analysis.
I think we both agree that its difficult to do an absolute comparison on the home buying/owning experience between the Boomer era and today’s Millennials (or GenZ) simply because so many conditions are different. We didn’t talk about Stagflation or unemployment rate in 1982 being 10.8% compared to today’s 4.3%. I pointed out the interest rate being higher because most folks approach new information as “all else being equal” conditions. The audience already knew that housing price was less in the Boomer era, additional it was known that income was higher proportionally to living expenses than today’s Millennials (or GenZ), what I doubted was common knowledge was the sky high interest rates compared to today. Thats what I was communicating.
In Canada it wasn’t until 1964 that a woman could open her own bank account without her husband’s consent.
My mother would always remind me that in the United States, this was not lifted until 1974.
Eh, this seems to be looking at things with rose-colored glasses. That generation, in the prime of their youth, had to worry about getting drafted into going halfway around the world to fight a war of empire, for instance.
There’s only two things I hate in this world: people who are intolerant of other people’s generation, and the millennials.
Can also be used to refer to a boomer who seems surprisingly OK.
Now I want to see someone wearing a shirt that says:
I’ve been told I’m an “OK Boomer”
Ok, dad! 🙄
Can also be used if you agree with former Bengals QB Boomer Esiason.
Who was born in 1961 making him…
i have respect for my grandparents so i dont call them this but when they bring up stuff i just nod becuase its better to let them ramble than sit there and argue with someone who could have a heart attack.
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